INTERNATIONAL FINANCIAL INSTITUTIONS

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International Financial Institutions/SP 2006-07

International financial system refers to those financial institutions that act on the international level The World Bank Group International Monetar Fund A!ian "e#elop$ent Bank A%ri&an "e#elop$ent Bank Inter A$eri&an "e#elop$ent Bank European Bank %or Re&on!tru&tion and "e#elop$ent Bank %or International Settle$ent!
Other'i!e kno'n a! !uper national (ank!

Bank o% En)land The Federal Re!er#e S !te$ *The Fed+ European Central Bank *ECB+
Ma,or &entral (ank! in the )lo(e
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The Bretton Wood T'in!

The Bretton Wood! &on%eren&e propo!ed the !ettin) up o% -

World Bank . International Monetar Fund *IMF+

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International Financial Institutions/SP 2006-07

The World Bank GroupE!ta(li!hed in 1233 /re!ident /aul Wol%o'it0 45 Wa!hin)ton "C

International Bank %or Re&on!tru&tion and "e#elop$ent *IBR"+ International Finan&e Corporation *IFC+ International "e#elop$ent A!!o&iation *I"A+ Multilateral In#e!t$ent Guarantee A)en& *MIGA+ International Centre %or Settle$ent o% In#e!t$ent "i!pute! *ICSI"+
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IBR"
E!ta(li!hed in 1233 A!!i!t in re&on!tru&tion . de#elop$ent o% the territorie! o% the $e$(er!6 ( %a&ilitatin) the in#e!t$ent o% &apital %or produ&ti#e purpo!e7 To pro$ote pri#ate %orei)n in#e!t$ent!7 Lon) ran)e (alan&ed )ro'th o% international trade . $aintenan&e o% the Balan&e o% /a $ent! *Bo/+

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International Financial Institutions/SP 2006-07

IFC
E!ta(li!hed in 1289 Finan&in) pri#ate !e&tor pro,e&t! lo&ated in the de#elopin) 'orld7 4elpin) pri#ate &o$panie! in the de#elopin) 'orld $o(ili0e %inan&in) in international %inan&ial $arket!7 /ro#idin) ad#i&e and te&hni&al a!!i!tan&e to (u!ine!!e! and )o#ern$ent!7

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International Financial Institutions/SP 2006-07

I"A
E!ta(li!hed in 129:

/ro#ide! lon);ter$ intere!t;%ree loan! to the poore!t o% de#elopin) &ountrie! on ter$! $ore lenient than tho!e o% the World Bank proper

Criteria o(!er#ed in appro#in) I"A &redit< /o#ert te!t /er%or$an&e te!t /ro,e&t te!t
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ICSI"
E!ta(li!hed in 1299

/ro#ide! %a&ilitie! %or the &on&iliation and ar(itration o% in#e!t$ent di!pute! (et'een $e$(er &ountrie! and indi#idual in#e!tor!

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International Financial Institutions/SP 2006-07

MIGA
E!ta(li!hed in 12==

/ro$ote! Forei)n "ire&t In#e!t$ent *F"I+ into de#elopin) &ountrie!6 ( in!urin) in#e!tor! a)ain!t politi&al ri!k6 ad#i!in) )o#ern$ent! on attra&tin) in#e!t$ent6 !harin) in%or$ation throu)h on;line in#e!t$ent in%or$ation !er#i&e!6 and $ediatin) di!pute! (et'een in#e!tor! and )o#ern$ent!
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IMF
E!ta(li!hed in 1233 Mana)in) "ire&tor Rodri)o de Rato Fi)aredo 45 Wa!hin)ton "C

An international or)ani0ation o% 1=3 $e$(er &ountrie! /ro$ote! international $onetar &ooperation7 Fa&ilitate! the e>pan!ion . (alan&ed )ro'th o% International trade7 /ro$ote! e>&han)e !ta(ilit . $aintain orderl e>&han)e arran)e$ent! a$on) $e$(er!7 Shorten the duration . le!!en the de)ree o% di!e?uili(riu$ in the international Bo/ o% $e$(er &ountrie!7
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IMF< Re!our&e!
Su(!&ription ( $e$(er!
S"R

Borro'in)!

General Arran)e$ent! to Borro' *GAB+ 129@ Ne' Arran)e$ent to Borro' *NAB+ 122=

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A!ian "e#elop$ent Bank

E!ta(li!hed in 1299 /re!ident 4aruhiko Auroda 45 Manila

An international or)ani0ation o% B8 $e$(er &ountrie!

/ro$ote! e&ono$i& and !o&ial de#elop$ent in A!ian and /a&i%i& &ountrie! 4elp it! de#elopin) $e$(er &ountrie! redu&e po#ert and i$pro#e the ?ualit o% li%e o% their &iti0en! Stren)then pri#ate !e&tor to i$pro#e produ&ti#it . e%%i&ien& Ena(le e%%e&ti#e u!e o% hu$an . &apital re!our&e o% the $e$(er &ountrie!

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A%ri&an "e#elop$ent Bank

E!ta(li!hed in 1293 /re!ident "onald Aa(eruka 45 A(id,an6 I#or Coa!t

An international or)ani0ation o% 99 $e$(er &ountrie!

Ai$! to !pur (oth e&ono$i& de#elop$ent and !o&ial pro)re!! a$on) it! $e$(er! It i! a &on)lo$eration o% the A%ri&an "e#elop$ent Bank *A"B+6 the A%ri&an "e#elop$ent Fund *A"F+6 and the Ni)eria Tru!t Fund *NTF+7 It ha! !i> a!!o&iated in!titution! throu)h 'hi&h pu(li& and pri#ate &apital i! &hanneled

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Inter;A$eri&an "e#elop$ent Bank

E!ta(li!hed in 1282 /re!ident Lui! Al(erto Moreno 45 Wa!hin)ton "C

An international or)ani0ation o% 38 $e$(er &ountrie!

Support! Latin A$eri&an and Cari((ean e&ono$i&C!o&ial de#elop$ent and re)ional inte)ration ( lendin) $ainl to pu(li& in!titution!7 /ro#ide! %undin) and te&hni&al a!!i!tan&e6 &oordinate! e&ono$i& de#elop$ent6 and ,ointl %inan&e! loan! 'ith other in!titution!7

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European Bank %or Re&on!tru&tion and "e#elop$ent

E!ta(li!hed in 1221 /re!ident Dean Le$ierre 45 London

An international or)ani0ation o% 9: $e$(er &ountrie!

4elp! to (uild $arket e&ono$ie! and de$o&ra&ie! in @B &ountrie! %ro$ &entral Europe to &entral A!ia /ro#ide! pro,e&t %inan&in) %or (ank!6 indu!trie! and (u!ine!!e!6 (oth ne' #enture! and in#e!t$ent! in e>i!tin) &o$panie!7 Work! 'ith pu(li&l o'ned &o$panie! to !upport pri#ati!ation6 re!tru&turin) !tate;o'ned %ir$! and i$pro#e$ent o% $uni&ipal !er#i&e!7
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Bank %or International Settle$ent!

E!ta(li!hed in 12E: General Mana)er Mal&ol$ " Ani)ht 45 Ba!el

An in!titution %or &ooperation a$on) the &entral (ank! o% the #ariou! &ountrie! 'orldF! olde!t international %inan&ial in!titution and re$ain! the prin&ipal &entre %or international &entral (ank &ooperation E>i!t! to %o!ter &ooperation a$on) &entral (ank! and other a)en&ie! in pur!uit o% $onetar and %inan&ial !ta(ilit /ro#ide! (ankin) !er#i&e! to &entral (ank!

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I$portant Central Bank! in the International Finan&ial S !te$-

Bank o% En)land The Federal Re!er#e S !te$ *The Fed European Central Bank *ECB+

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Bank o% En)land
E!ta(li!hed in 1923 Go#ernor Mer# n Ain) 45 London

The Central Bank o% the United Ain)do$

The Bank o% En)land 'a! in&orporated on Dul @B6 19236 a! a pri#ate ,oint;!to&k a!!o&iation7 On Mar&h 16 12396 the (ank6 pri#atel o'ned %or @8@ ear!6 'a! pla&ed under )o#ern$ent o'ner!hip It %und! pu(li& (orro'in)6 i!!ue! (ank note!6 and $ana)e! the &ountr F! )old and %orei)n;e>&han)e re!er#e!7 It i! an i$portant ad#i!er to the )o#ern$ent on $onetar poli& and i! lar)el re!pon!i(le %or i$ple$entin) the &ho!en poli& ( it! dealin)! in the $one 6 (ond6 and %orei)n;e>&han)e $arket!7
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The Fed
E!ta(li!hed in 121E Chair$an o% Go#ernor! Ben S Bernanke 45 Wa!hin)ton "C

The Central Bank o% the United State! o% A$eri&a

The Federal Re!er#e S !te$ i! a net'ork o% t'el#e Federal Re!er#e Bank! and a nu$(er o% (ran&he! under the )eneral o#er!i)ht o% the Board o% Go#ernor!7 A&t! a! a %i!&al a)ent %or the U7S7 )o#ern$ent Cu!todian o% the re!er#e a&&ount! o% &o$$er&ial (ank! Make! loan! to &o$$er&ial (ank! It i! authori0ed to i!!ue Federal Re!er#e note! that &on!titute the entire !uppl o% paper &urren& o% the &ountr

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ECB
E!ta(li!hed in 122= /re!ident Dean;Claude Tri&het 45 Frank%urt

The Central Bank o% the EuropeG! !in)le &urren& 6 the Eur

The euro area &o$pri!e! the 1@ European Union &ountrie! that ha#e introdu&ed the euro !in&e 12227 Maintain! the euroF! pur&ha!in) po'er and thu! pri&e !ta(ilit in the euro area7 Condu&tin) $onetar poli& %or the euro area ; the 'orldG! lar)e!t e&ono$ a%ter the United State!7

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Thank You
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