The Global Economy

Question 1

International Financial Institution that provides financial
and technical assistance to developing countries for development programs.It has 185 country-members and has a staff of about 10,000 all over the world.

Answer 1

World Bank

Question 2

Founded in 1944 at the Bretton Woods Conference to finance the
reconstruction of countries affected by WWII.It has 181 member countries.

Answer 2

The International Bank of Reconstruction and Development (IBRD)

Question 3

Established in 1960
. Assist the poorest developing countries.

Answer 3

The International Development Association (IDA)

Question 4

Established in 1956 to reduce poverty and improve people’s lives in an
environmentally and socially responsible manner.It has 174 members.

Answer 4

The Internal Finance Corporation (IDFC)

Question 5

Established in 1988
.Helps developing countries to attract foreign investment.Provides investment marketing services and legal advisory services to its
152 members

Answer 5

The Multilateral Investment Guarantee Agency (MIGA)

Question 6

Established in 1966 to promote increased flow of international investment

Answer 6

The International Centre for Settlement of Investment Disputes (ICSID)

Question 7

is an organization of 189 countries,
working to foster global monetary cooperation, secure financial stability,
facilitate international trade, promote high employment and sustainable
economic growth, and reduce poverty around the world.

Answer 7

International Monetary Fund: