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Which 'World Bank Group' institution is not a 'Specialized Agency' of the United Nations?
Question

Which 'World Bank Group' institution is not a 'Specialized Agency' of the United Nations?

A.

International Development Association

B.

International Finance Corporation

C.

Multilateral Investment Guarantee Agency

D.

International Bank for Reconstruction and Development

Correct option is C


The Multilateral Investment Guarantee Agency (MIGA), while part of the World Bank Group, is not a Specialized Agency of the United Nations. The World Bank Group institutions, including the International Development Association (IDA), International Finance Corporation (IFC), and International Bank for Reconstruction and Development (IBRD), have a more direct relationship with the UN as specialized agencies.
Information Booster:
MIGA was established to encourage foreign investment in developing countries by offering political risk insurance and credit enhancement to investors and lenders. Although it works closely with the World Bank, it is not considered a UN-specialized agency.
Additional Knowledge:
· Specialized agencies of the United Nations are independent organizations that coordinate with the UN to address global issues such as finance, health, and agriculture.

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