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The International Monetary Fund ( IMF) is a major financial agency of the United Nations, and an international financial institution funded by 190 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of last resort to national governments, and a leading supporter of exchange-rate stability.
Website. worldbank.org. The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. [ 5] The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International ...
An international financial institution ( IFI) is a financial institution that has been established (or chartered) by more than one country, and hence is subject to international law. Its owners or shareholders are generally national governments, although other international institutions and other organizations occasionally figure as shareholders.
The OPEC Fund for International Development ( OPEC Fund) is an intergovernmental development finance institution established in 1976 by the member states of the Organization of the Petroleum Exporting Countries (OPEC). The OPEC Fund was conceived at the Conference of the Sovereigns and Heads of State of OPEC Member Countries, which was held in ...
The International Bank for Reconstruction and Development (IBRD) and International Monetary Fund (IMF) were established by delegates at the Bretton Woods Conference in 1944 and became operational in 1946. [10] According to a March 2012 Washington Post article, IBRD was the "original 'world bank'". [11]
The International Finance Corporation ( IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. The IFC is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States.
World Bank Group. The World Bank Group ( WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Group. [ 7] The bank is headquartered in Washington, D.C., in the United States.
The International Financial Institution Advisory Commission, also known as the Meltzer Commission, named for its chair, Professor Allan Meltzer, was established by the United States Congress in November 1998 "to recommend future US policy toward several multilateral institutions: the IMF, the World Bank Group, the regional development banks such as the Inter-American Development Bank, the Bank ...
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