Which among the following is  not an international economic institution?

Correct option is D

The correct answer is (d) IFRS.
IFRS stands for International Financial Reporting Standards. It is not an institution, but a set of accounting rules and standards that determine how particular types of transactions and other events should be reported in financial statements. These standards are developed and maintained by the International Accounting Standards Board (IASB), which is an independent body.
In contrast, the other three options are major international financial institutions that provide loans, grants, and technical assistance to member countries.
Information Booster
· (a) IMF (International Monetary Fund): An organization of 190 countries working to foster global monetary cooperation, secure financial stability, and facilitate international trade.
· (b) IBRD (International Bank for Reconstruction and Development): The core arm of the World Bank, which provides loans to middle-income and creditworthy low-income countries for developmental projects.
· (c) ADB (Asian Development Bank): A regional development bank headquartered in the Philippines, established to promote social and economic development in Asia and the Pacific.
Additional Knowledge
· Purpose Difference: While the IMF and IBRD are global in scope, the ADB is a regional institution.
· IFRS Usage: IFRS is used in over 140 jurisdictions (including many in Europe and Asia) to bring consistency, transparency, and comparability to financial statements across the globe.
· Institutional vs. Regulatory: Institutions (IMF, ADB) have "legal personality" and can lend money; IFRS is a "regulatory framework" used by accountants within those institutions.