Question

Which one of the following is not related to United Nations? 

(a) Multilateral Investment Guarantee Agency 

(b) International Finance Corporation 

(c) International, Centre for Settlement of Investment Disputes 

(d) Bank for International Settlements

Answer 1

(d) The World Bank (established in 1944, HQ - Washington, D.C.) is a vital source of financial and technical assistance to developing countries around the world. It is not a bank in the common sense; we are made up of two unique development institutions owned by 187 member countries: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The IBRD aims to reduce poverty in middle-income and creditworthy poorer countries, while IDA focuses on the world’s poorest countries. Their work is complemented by that of the International Finance Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA) and the International Centre for the Settlement of Investment Disputes (ICSID).