3 Indian & AP Economy and Planning · 3.3.1 External sector

3.3.1.11 World Bank Group and other development banks: ADB, AIIB and NDB

The World Bank Group has five institutions that finance development and reduce risk; the ADB, AIIB and NDB are regional or new-bloc banks that add finance for infrastructure, and India is a member of all three.

  • APPSC Group 1
  • Advanced level
  • 7 min read
  • Full course

Key terms

  • World Bank Group
  • IBRD
  • IDA
  • IFC
  • MIGA
  • ICSID
  • ADB
  • AIIB
  • NDB
  • BRICS bank
  • Contingent Reserve Arrangement
  • Bretton Woods institutions

What this note covers

  1. Core factsFoundation
  2. ExplainedStandard
  3. DeeperAdvanced
  4. AP angleStandard
  5. Mains writingMains writing
  6. Common trapsFoundation
  7. Quick revisionFoundation

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