Q. Which of the following institution of World Bank group provides insurance against certain types of risk, including political risk, primarily to the private sector?

[A] International Centre for Settlement of Investment Disputes (ICSID)

[B] Multilateral Investment Guarantee Agency (MIGA)

[C] International Bank for Reconstruction and Development (IBRD)

[D] International Finance Corporation (IFC)

Answer: B
Notes:

Explanation: MIGA, established in 1988, provides insurance against certain types of risk, including political risk, primarily to the private sector.

Source: FORUMIAS