GK
WORLD ORGANISATIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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UN development group
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UN security council
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UN general assembly
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Member countries
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Detailed explanation-1: -Established in 1956, IFC is owned by 186 member countries, a group that collectively determines our policies. Through a Board of Governors and a Board of Directors, our member countries guide IFC’s programs and activities. Each of our member countries appoints one governor and one alternate.
Detailed explanation-2: -The shares owned by each member government are based on the capital paid in to the IFC. The largest shareholder is the United States (24%), followed by Japan (6%), and Germany, France, and the United Kingdom (5%). The seven largest OECD governments control 51 percent of the capital shares.
Detailed explanation-3: -IFC is the largest global development institution focused on the private sector in developing countries. IFC, a member of the World Bank Group, advances economic development and improves the lives of people by encouraging the growth of the private sector in developing countries.