Which of the following financial institution is not related to the World Bank Group? Join @Apnapdfs

Explanation

## Page 31 The World Bank Group includes five international institutions, namely— IBRD (established in 1944), International Development Association (IDA, established in 1960), International Finance Corporation (IFC, established in 1956), International Centre for Settlement of Investment Disputes (ICSID, established in 1966), and Multilateral Investment Guarantee Agency (MIGA, established in 1988). Keeping in view the needs of the Asian region, the Asian Development Bank (ADB) was established in 1966 in Manila, the capital of the Philippines.