Question
Which of the following Development Institutions provides
investment, advice, and asset management to companies and governments.Solution
The Multilateral Guarantee Agency (MIGA) insures lenders and investors against political risk such as war. International Bank for Reconstruction and Development (IBRD) provides loans, credits, and grants. International Development Association (IDA) provides low- or no-interest loans to low-income countries. The International Finance Corporation (IFC) provides investment, advice, and asset management to companies and governments. The International Centre for the Settlement of Investment Disputes (ICSID) settles investment-disputes between investors and countries.
___________ is mutual funds writing off the principal amount and the interest in case of a default?
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