Which of the following is not the agency of World Bank?

MIGA
ICSID
ADB
IDA

The correct answer is C. ADB.

The Asian Development Bank (ADB) is a multilateral development bank that provides loans to developing countries in Asia. It is headquartered in Manila, Philippines. The ADB was founded in 1966 and has 68 member countries.

The World Bank is a group of international financial institutions that provide loans to developing countries. It is headquartered in Washington, D.C. The World Bank was founded in 1944 and has 189 member countries.

The World Bank Group consists of five institutions: 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).

The IBRD provides loans to middle-income and creditworthy low-income countries. The IDA provides grants and low- or no-interest loans to the poorest countries. The IFC provides loans and equity investments to private sector companies in developing countries. MIGA provides guarantees to investors against losses due to political risks in developing countries. ICSID provides a forum for resolving investment disputes between foreign investors and host governments.

The ADB is not an agency of the World Bank. It is a separate international financial institution.

Exit mobile version