Which one of the following institutions is not in the 'World Bank Gr

Which one of the following institutions is not in the ‘World Bank Group’ ?

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International Centre for Settlement of Investment Disputes (ICSID)

Multilateral Investment Guarantee Agency (MIGA)

Investment Policy Framework for Sustainable Development (IPFSD)

International Finance Corporation (IFC)

Answer is Right!

Answer is Wrong!

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UPSC Geoscientist – 2024

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The ‘World Bank Group’ consists of five international organizations: 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 Investment Policy Framework for Sustainable Development (IPFSD) is a set of guidelines or principles related to investment policy, often developed or promoted by international bodies like UNCTAD, but it is not one of the constituent institutions of the World Bank Group. Therefore, IPFSD is not in the World Bank Group.

– World Bank Group members: IBRD, IDA, IFC, MIGA, ICSID.
– IBRD & IDA together are often referred to as “the World Bank”, providing financing to governments.
– IFC finances private sector development.
– MIGA provides political risk insurance and credit enhancement.
– ICSID resolves international investment disputes.
– IPFSD is a framework, not an institution.

The World Bank Group is a family of international financial institutions that provide loans, grants, and advice to developing countries and facilitate investment and trade. Each of the five institutions has a distinct role but works together towards the WBG’s goals.

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