What is the role of the International Development Agency (IDA) and the International Finance Corporation (IFC) in connection with the World Bank?

What will be an ideal response?

The IDA and the IFC are subsidiaries of the World Bank. The World Bank provides development financing to the national governments and political subdivisions of its member states. The IDA provides less restrictive financing for less developed countries, and the IFC provides loans to private enterprises. Together, the World Bank, the IDA, and the IFC are the world's largest providers of development assistance to developing countries and countries in transition.