List of 5 Institutions of World Bank with its primary function explained in simple terms for UPSC exam.
|1)||International Bank for Reconstruction and Development (IBRD)||Gives Loans to Developing Countries and creditworthy poor countries.|
|2)||International Development Associations (IDA)||Gives Interest-free loans to poor countries|
|3)||International Finance Corporation||Mobilize capital from developed countries to developing countries.|
|4)||Multilateral Investment Guarantee Agency||Promote FDI – Political risk insurance to investors|
|5)||International Centre for Settlement of Investment disputes||Arbitration of Investment disputes|