Question

    The first Masala Bonds was issued by the International

    Finance Corporation (IFC) in which of the following year?
    A 2010 Correct Answer Incorrect Answer
    B 2012 Correct Answer Incorrect Answer
    C 2015 Correct Answer Incorrect Answer
    D 2014 Correct Answer Incorrect Answer
    E 2013 Correct Answer Incorrect Answer

    Solution

    The first Masala Bonds was issued by the International Finance Corporation (IFC) in 2014. The IFC is an arm of the World Bank; other arms along it include International Bank for Reconstruction and Development (IBRD), International Development Agency (IDA), Multilateral Investment Guarantee Agency (MIGA), and International Centre for Settlement of Investment Disputes (ICSID).

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