Question
The first Masala Bonds was issued by the International
Finance Corporation (IFC) in which of the following year?Solution
The first Masala Bonds was issued by the International Finance Corporation (IFC) in 2014. The IFC is an arm of the World Bank; other arms along it include International Bank for Reconstruction and Development (IBRD), International Development Agency (IDA), Multilateral Investment Guarantee Agency (MIGA), and International Centre for Settlement of Investment Disputes (ICSID).
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