CFA Level I · CFA Level I Exam · Fixed-Income Markets for Government Issuers
Which of the following issuers is most likely a supranational agency?
The World Bank is most likely the supranational agency. Supranationals are multilateral organizations created by multiple member countries. A state-owned railway is a quasi-government entity, and a provincial treasury is a non-sovereign government issuer within one country, so neither is supranational.
- AThe World BankCorrect
- BA state-owned national railway company
- CA provincial government's treasury
Explanation
Supranational agencies are multilateral organizations formed by several member countries, such as the World Bank, IMF or European Investment Bank. A state-owned railway is a quasi-government entity, and a provincial treasury is a non-sovereign government issuer.
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