INTERNATIONAL ASPECTS OF FINANCIAL INSTITUTION

INTERNATIONAL FINANCIAL INSTITUTION (IFIs) are financial institutions that have been established by more than one country and hence are the subjects of international laws. Their owners or shareholders are generally national government, although other international institutions and other organizations occasionally figure as shareholders. The most prominent IFI’s are creations of multiple nations, although some bilateral financial institutions exist and are technically IFI’s. Many of these are multilateral development banks (MDB).

WHAT ARE INTERNATIONAL FINANCIAL INSTITUTIONS?

World Bank Group(WBG)

International bank of reconstruction and development (IBRD) International development association(IDA) International finance corporation(IFC) Multilateral investment guarantee agency (MIGA) International centre for settlement of investment disputes(ICSID)

International Monetary Fund(IMF)

Regional development banks , such as:

African development bank (AFDB) Asian development bank (ADB) Inter-American development bank(IADB) Bank of south European bank for reconstruction and development (EBRD)

INTERNATIONAL FINANCIAL INSTITUTIONS :COMMON GOAL

To reduce global poverty and improves people’s living condition and standards. To support sustainable economic, social and institutional development To promote regional cooperation and integration