[amp_mcq option1=”Board of Governors” option2=”Board of Directors” option3=”President and Staff” option4=”All of the above ” correct=”option4″]<\/p>\n
The correct answer is (d). The International Finance Corporation (IFC) is a member of the World Bank Group and is dedicated to private sector development in developing countries. It comprises of a Board of Governors, a Board of Directors, a President and Staff.<\/p>\n
The Board of Governors is the highest decision-making body of the IFC. It is composed of one governor from each member country. The Board of Governors meets once a year to review the IFC’s activities and approve its budget.<\/p>\n
The Board of Directors is responsible for the day-to-day management of the IFC. It is composed of 25 directors, who are appointed by the Board of Governors. The Board of Directors meets regularly to discuss the IFC’s operations and approve its lending and investment decisions.<\/p>\n
The President is the chief executive officer of the IFC. He or she is appointed by the Board of Directors and reports to the Board of Governors. The President is responsible for the overall management of the IFC and for implementing the policies and decisions of the Board of Directors.<\/p>\n
The Staff of the IFC is composed of professionals who work in the IFC’s headquarters in Washington, D.C., and in its field offices around the world. The Staff is responsible for carrying out the IFC’s programs and projects.<\/p>\n","protected":false},"excerpt":{"rendered":"
[amp_mcq option1=”Board of Governors” option2=”Board of Directors” option3=”President and Staff” option4=”All of the above ” correct=”option4″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[495],"tags":[],"class_list":["post-2599","post","type-post","status-publish","format-standard","hentry","category-international-finance-corporation-ifc","no-featured-image-padding"],"yoast_head":"\n