ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -As of 2022, the World Bank is run by a president and 25 executive directors, as well as 29 various vice presidents. IBRD and IDA have 189 and 174 member countries, respectively.

Detailed explanation-2: -The Republic of Nauru, a tiny South Pacific island nation in Pacific Ocean became the 189th member of the International Monetary Fund (IMF) and World Bank i.e. Bretton-Woods institutions.

Detailed explanation-3: -The World Bank is like a cooperative, made up of 189 member countries.

Detailed explanation-4: -India is a member of four of the five constituents of the World Bank Group (www.worldbank.org.in ) viz., International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA).

Detailed explanation-5: -We Are A Global Organization 44 founding member countries sought to build a framework for international economic cooperation. Today, its membership embraces 190 countries, with staff drawn from 150 nations.