Roles of International Financial Institutions

Roles of International Financial Institutions

        In July 1944, following the end of orbit War II, several countries met in New Hampshire, get together States to contemplate a way to better manage postwar reconstructive memory efforts as well as expansion of the global capitalist economy. Out of this meeting, two international financial institutions were created, the World Bank, primitively named The International Bank for Reconstruction and training, and the International Monetary Fund. In addition, several percentageal institutions such as the Asian using Bank have emerged in recent years to portion out the specific needs of countries in a specific region of the world.

        The International Monetary Fund, commonly referred to as IMF, is a transnational organization comprised of approximately 184 member countries with headquarters in Washington, D.C. The IMF website states the spot of the IMF is to promote international monetary cooperation, give-and-take stability, and orderly exchange arrangements; to foster frugal growth and high levels of employment; and to give temporary financial assistance to countries to help ease sense of balance of payments adjustment (IMF.org, 2005). Beca phthisis its purpose involves maintaining funds that member countries can use to balance monetary inequities, the IMF is considered the central institution of the international monetary system.

        The Asian Development Bank or ADB with current headquarters in manila paper was established in 1966.



There are currently 63 member countries, primarily located in the Asian and Pacific regions of the world, but also including countries such as the United States, Germany, United Kingdom, and Canada among others. The primary functions of the ADB include:

        extends loans and equity investments to its developing member countries (DMCs) for their economic and social ontogeny

        provides technical assistance for the planning and execution of development projects and programs and for advisory services

        promotes and facilitates investment of public and private capital for development, and

        responds to...

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