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although some bilateral financial institutions. .WHAT IS IT???? • IFI refers to financial institutions that have been established by more than one country. • The most prominent IFIs are creations of multiple nations.
.EXAMPLES: • World Bank • IMF • Multilateral development banks • UN agencies.
World Bank • Established July 1. Bretton Woods. 1944 o WB Group consist of o International Bank of Reconstruction & Development o International Development Agency o International Financial Corporation o Multilateral Investment Guarantee Agency o International Center for Settlement of International Dispute – Norwegian Delegation. July 1944 .
free credits . • Low-interest loans • Interest . Japan. • Grants to developing countries • Financial & Technical Assistance. UK and US . .WORLD BANK • 185 COUNTRY • The five largest shareholders France. Germany.
IMF • Since 1944 • India in 1991 • Financing to Members • Advisor & Promoter • 25 % Gold & rest in currency • Statistics and Research .
THE ROLE OF IMF • Increasing international monetary co-operation. . • Promoting exchange rate stability. • Building reserve base. • Promoting the growth of trade. • Funding facilities. • Establishing a system of multilateral payments member countries.
that provides financing and professional advising for the purpose of development. created by a group of countries.Multilateral development banks • A multilateral development bank (MDB) is an institution. .
Examples: • World Bank • African Development Bank • Asian Development Bank • European Bank for Reconstruction and Development • Inter-American Development Bank .
Borrowing Institutions: • Corporación Andina de Fomento (CAF) • Caribbean Development Bank (CDB) • Central American Bank for Economic Integration(CABEI) • East African Development Bank(EADB) • West African Development Bank(BOAD) • Black Sea Trade and Development Bank (BSTDB) .
Types of IFIS: Bretton Woods institutions Regional development banks Bilateral development banks Other regional financial institutions .
Bretton Woods Institutions • After World War II to assist in the reconstruction of Europe and provide mechanisms for international cooperation in managing the global financial system .
but primarily for development in Latin America and the Caribbean) • Asian Development Bank • African Development Bank • European Bank .Regional Development Banks • Inter-American Development Bank (which works in the Americas.
• Examples : • Netherlands Development Finance Company. • German Development Bank . .Bilateral Development Banks • Bilateral development banks are financial institutions set up by individual countries to finance development projects in developing countries and emerging markets.
) Black Sea Development Bank International Investment Bank (established by the countries of the former Soviet Union and Eastern Europe) Islamic Development Bank Nordic Investment Bank. .Regional Financial Institutions • European Investment Bank ( An institution established by the members of the European Union.
•Think overseas Rushi … .