WORLD BANK Flashcards

1
Q

__ form the World Bank, which provides financing, policy advice, and technical assistance to governments of developing countries

A
  • International Bank for Reconstruction & Development (IBRD)
  • International Development Association (IDA)
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2
Q

World bank consists of ?? institution:

A

5
* International Bank for Reconstruction and Development (IBRD)
* International Development Association (IDA)
* International Finance Corporation (IFC)
* Multilateral Guarantee Agency (MIGA)
* International Centre for the Settlement of Investment Disputes (ICSID)

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3
Q

WB is an observer at the

A

United Nations Development Group (UNSDG)

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4
Q

HQ

A

is headquartered in Washington, D.C., in the United States

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5
Q

President of the World Bank Group

A

David Malpass

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6
Q

WHo was appointed Managing Director and World Bank Group Chief Financial Officer ?

A

Anshula Kant

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7
Q

Who is the World Bank’s Country Director for India?

A

Auguste Tano Kouamé

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8
Q

Members

A

189

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9
Q

How was IMF and IMBD formed?

A

Bretton Woods Conference

in July 1944 at Bretton Woods in New Hampshire, USA

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10
Q

Another name for Bretton Woods conference

A

United Nations Monetary and Financial Conference

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11
Q

To be a member of IBRD, a nation has to first subscribe to membership of the

A

IMF

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12
Q

Whichbank performs the task of, as the two words in its name, reconstruction and development?

A

IBRD

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13
Q

Who is the largest borrower from the World Bank (IBRD + IDA)?

A

India
(Mudi ji jindabaad)

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14
Q

World Bank assistance in India started in

A

1948

when funding for the Agricultural Machinery Project was approved

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15
Q

Who provides loans and grants to poor countries at a very low interest rate, almost zero, and the tenure of loans is very long?

A

International Development Association (IDA)

in 1960

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16
Q

?? works to bring development to member nations through promotion and investment in the ““private sector only””

A

The International Finance Corporation, Washington DC, (IFC)

was established in 1956

17
Q

IFC’s single-largest country exposure is

A

India
(Mudi Ji Jindabaad)

18
Q

__ provides facilities for conciliation and arbitration of international investment disputes.

A

International Centre for Settlement of Investment Disputes (ICSID)
* in 1966

is world’s foremost insti. to settle international investment disputes.

India is not a member

19
Q

?? provides political risk insurance to investors as well as lenders in developing countries

A

Multilateral Investment Guarantee Agency (MIGA)
* in 1988

India became a member of MIGA in 1994.