Which of the following constitute the ‘World Bank’?
1. The International Bank for Reconstruction and Development (IBRD)
2. The International Development Association (IDA)
3. The International Finance Corporation (IFC)
4. The Multilateral Investment Guarantee Agency (MIGA)
5. The World Intellectual Property Organization (WIPO)
Select the correct answer using the code given below:
1 and 2 only
1, 2 and 3 only
1, 2, 3 and 4 only
1, 2, 3, 4 and 5
• The World Bank is an international financial institution that provides loans and grants to the governments of the poorer countries for the purpose of pursuing capital projects. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).
• The World Bank is a component of the World Bank Group, which has five organizations, including the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA) and the International Centre for Settlement of Investment Disputes (ICSID).
"Gold Tranche" (Reserve Tranche) refers to
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