International economic institutions

International economic institutions

1. World Bank

   • Objective
     • Reduce poverty and improve the standard of living in the world
   • Activities
     • Provide low-interest loans to developing countries
     • Give donations
   • How does it work?
     • Contributions are based on a country's economic position, and the voting power in WB decisions depends on this.

2. International Monetary Fund

   • Objective
     • To promote international monetary cooperation
   • Activities
     • Encourage countries to adopt economic policies which maintain stability and prevent crises
   • How does it work?
     • Contributions are based on a country's economic position, and the voting power in IMF decisions depends on this.

3. World trade organization

   • Objective
     • To ensure that international trade is smooth, free and fair
   • How does it work
     • Contributions are based on a country's economic position, and the voting power in IMF decisions depends on this.