The correct answer is (a). Multilateral Investment Guarantee Agency (MIGA) is an independent member of the World Bank Group. It was established in 1988 to encourage foreign direct investment in developing countries by providing political risk insurance and promoting the development of local capital markets.
The International Monetary Fund (IMF) is an international organization that was founded in 1944 to promote international monetary cooperation, exchange stability, and orderly exchange arrangements. The IMF does not provide political risk insurance.
The International Finance Corporation (IFC) is a member of the World Bank Group that provides financial assistance and advice to private sector companies in developing countries. The IFC does not provide political risk insurance.
The International Development Association (IDA) is a member of the World Bank Group that provides grants and low- or no-interest loans to the poorest countries in the world. IDA does not provide political risk insurance.