UNIVERSITY OF PETROLEUM & ENERGY STUDIES

SCHOOL OF LAW

B.A., LL.B. (HONS.)

SEMESTER III

ACADEMIC YEAR: 2020-21 SESSION: AUG-DEC, 2020

RESEARCH PAPER WORK CRPC

SUBMITTED TO: Anukriti Mam

(TO BE FILLED BY THE STUDENT)

NAME:ANKIT GUPTA

ROLL NO: R450219209

SAP NO- 500077346

International Monetary Fund (IMF)

The arrangement of the IMF was started in 1944 at the Bretton Woods Conference. IMF
came into operation on 27th December 1945 and is today an international organization that
comprises of 189 part nations. Headquartered in Washington, D.C., IMF centres around
fostering global monetary cooperation, making sure about financial stability, encouraging and
advancing international exchange, business, and financial development around the globe. The
IMF is a specific agency of the United Nations.

Objectives of the IMF

IMF was created as an activity to advance international monetary cooperation, empower

international exchange, accomplish financial stability, animate high work, reduce poverty on
the planet, and support monetary development. At first, there were 29 nations with an
objective of re-trying the global payment system. Today, the organization has 189
individuals. The fundamental destinations of the International Monetary Fund (IMF) are
referenced beneath:

 To improve and advance global monetary cooperation of the world.

 To secure financial stability by wiping out or limiting the swapping scale stability.
 To encourage a fair international exchange.
 To advance high work through monetary help and sustainable financial development.
 To reduce poverty around the globe.

India and IMF

India is an organizer individual from the IMF. India's Union Finance Minister is the Ex
Officio Governor on the IMF's Board of Governors.
India's standard in the IMF is SDR 13,114.4 million that gives India a shareholding of
2.75%.This makes India the eight biggest shareholding nation at the organization. In 2000,
India finished the repayment of the apparent multitude of advances it had taken from the
IMF. Presently, India is a supporter of the IMF.

World Trade Organization (WTO)

We can take a gander at WTO in a few different ways. WTO turns out to be an organization
liable for liberalizing trade. It's a gathering to arrange trade agreements for different
governments. It's where trade disputes are settled. It works an arrangement of trade rules.

One of the main highlights is that it is where results come out after genuine negotiations.
Basically, the WTO is where governments who are individuals go, to figure out the trade
issues they face with one another. The initial step is to talk. The WTO was conceived out of
negotiations, and everything the WTO does is the consequence of negotiations. The bulk of
the WTO's present work comes from the 1986-94 negotiations called the Uruguay Round.

Functions of the World Trade Organization (WTO)

The WTO's abrogating objective is to assist trade with streaming easily, uninhibitedly,
decently, and typically. It does this by:

 Administering WTO trade agreements

 Directing gathering for trade negotiations
 Dealing with trade disputes
 Observing national trade policies
 Giving technical assistance and preparing to non-industrial nations
 Participation with other international organizations