BB0030 – ROLE OF INTERNATIONAL FINANANCIAL INSTITUTIONS

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ASSIGNMENT

 

 

 

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

 

 

Q. 1 How has India benefited from International Development Association?

 

Ans : IRDA Introduction:-

 

The International Development Association (IDA) is an international financial institution which offers concessional loans and grants to the world’s poorest developing countries. The IDA is a member of the World Bank Group and is headquartered in Washington, D.C., United States. It was established in 1960 to complement the existing International Bank for Reconstruction and Development by lending to developing countries which suffer from the lowest gross national income, from troubled creditworthiness, or from the lowest per capita income. Together, the International Development Association and International Bank for Reconstruction

 

 

 

Q. 2 What are the types of assistance given by The International Finance Corporation?

 

 Ans : IFC:-

 

The International Finance Corporation (IFC) is the private sector lending arm of the World Bank Group, providing financial services to businesses investing in the developing world. As private enterprises often privilege “business confidentiality” over the public’s right to know, it is frequently difficult for the public to measure or influence the development impacts of the IFC’s activities.

 

Types of assistance given by IFC:-

 

 

Q.3 In what way has the Asian Development Bank assisted India? Give current information also.

 

Ans :India joined ADB at its founding in 1966 and since lending operations began in 1986, the world’s largest democracy of 1.2 billion people has undergone dramatic changes.

Growth rates have climbed steadily from under 3% in the 1970’s to over 8% in fiscal year 2010, as the government carried out major economic reforms. But while the past four decades have seen a significant reduction in absolute poverty and the emergence of a burgeoning middle class, vast numbers of people still remain poor, and the country needs to address the challenge of ensuring that growth is inclusive. The goal of ADB’s current

 

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