Question
Which of the following Statements about the World Bank
Group organisations is/are True? I- IFC is one of the largest international development institutions focused on the private sector in developing countries. II- MIGA’s chief goal is to enhance cross-border investment in developing countries by giving guarantees (political risk insurance and credit enhancement) to lenders and investors. III- ICSID engages in international investment dispute settlement.Solution
The IFC is a sister organization of the World Bank (IDA + IBRD). It is the largest international development institution focused on the private sector in developing countries. MIGA’s chief goal is to enhance cross-border investment in developing countries by giving guarantees (political risk insurance and credit enhancement) to lenders and investors. ICSID engages in international investment dispute settlement.
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