Explanation:

Only statements 2&3 are correct.

The World Bank Group consists of five organizations:

• The International Bank for Reconstruction and Development The International Bank for Reconstruction and Development (IBR(D) lends to governments of middle-income and creditworthy low-income countries.

• The International Development Association The International Development Association (IDA) provides interest-free loans — called credits— and grants to governments of the poorest countries. Together, IBRD and IDA make up the World Bank.

• The International Finance Corporation The International Finance Corporation (IFC) is the largest global development institution focused exclusively on the private sector which helps developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments.

• The Multilateral Investment Guarantee Agency The Multilateral Investment Guarantee Agency (MIG(A) was created in 1988 to promote foreign direct investment into developing countries to support economic growth, reduce poverty, and improve people’s lives. MIGA fulfils this mandate by offering political risk insurance(guarantees) to investors and lenders.

• The International Centre for Settlement of Investment Disputes The International Centre for Settlement of Investment Disputes (ICSID) provides international facilities for conciliation and arbitration of investment disputes.

Hence option 2nd is correct.