General Studies · Governance Frameworks of International Organizations
Consider the following statements regarding the evolution and components of the World Bank's governance framework: I. The framework originated with the 1989 report on Sub-Saharan Africa, which introduced governance as a critical factor for economic growth. II. In 1992, the World Bank defined governance as the manner in which power is exercised in the management of a country's economic and social resources. III. The World Bank developed the Worldwide Governance Indicators (WGI) to assess governance dimensions. IV. The World Bank explicitly bases its governance framework on human rights advocacy over administrative efficiency. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II, III, and IV
- 2II and IV only
- 3I, III, and IV only
- 4I, II, and III only✓
Correct answer
I, II, and III only
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