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List our major affilated bodies of world bank

Posted by Nidhi Attri 1 year, 8 months ago

CBSE > Class 11 > Business Studies

1 answers

Preeti Dabral 1 year, 8 months ago

The following are the major affiliated bodies of the World Bank:-

IBRD: The International Bank for Reconstruction and Development (IBRD) was established in 1945 to assist in the reconstruction of war affected countries. It mainly aims at facilitating the development of the poor nations of the world.
IFC: The IFC or the International Finance Corporation, was formed in 1956 as a separate legal entity to provide finance to the private sector in developing nations. The IFC is part of the World Bank Group. It has its own funds and functions.
MIGA: MIGA refers to the Multinational Investment Guarantee Agency. It was established in April 1988 with the objective of encouraging foreign direct investments in the less developed countries, insuring investors against· political and non-commercial risks, providing advisory services, etc.

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