Question

Which among the following is not a part of World Bank?

• A. Asian Development Bank
• B. International Bank for Reconstruction and Development (IBRD)
• C. International Finance Corporation
• D. International Development Association

Answer 1

Answer:

A. Asian Development Bank

• The Asian Development Bank ( ADB ) is not part of the World Bank.

• The World Bank comprises :

1. International Bank for Reconstruction and Development ( IBRD ) : Provides loans to developing countries.

2. International Finance Corporation ( IFC ) : Supports private sector development.

3. International Development Association ( IDA ) : Provides concessional loans and grants to the poorest countries.

• In contrast, the Asian Development Bank ( ADB ) is a separate international financial institution focused on promoting economic growth and regional cooperation in Asia. It provides financing, technical assistance and advisory services to its member countries.

• Key differences :

• ADB focuses on Asia, while World Bank has a broader global mandate.

• ADB emphasizes regional cooperation and integration.

• ADB has its own governance structure, management and funding.

• While ADB collaborates with the World Bank, it operates independently.