International Financial Institutions (IFIs) 1) IMF (International Monetary Fund)- FOUNDED YEAR- 1944 HEADQUARTER- Washington, DC WORK- Specialized agency of the UN 2) IBRD (International Bank for Reconstruction and Development) FOUNDED YEAR- 1944 HEADQUARTER- Washington, DC WORK- World Bank Group 3) IFC (International Finance Corporation) FOUNDED YEAR- 1956 HEADQUARTER- Washington, DC WORK- World Bank Group 4) IDA (International Development Association) FOUNDED YEAR- 1960 HEADQUARTER- Washington, DC WORK- World Bank Group 5) ICSID (International Centre for Settlement of Investment Disputes) FOUNDED YEAR- 1966 HEADQUARTER- Washington, DC WORK- World Bank Group 6) MIGA (Multilateral Investment Guarantee Agency) FOUNDED YEAR- 1988 HEADQUARTER- Washington, DC WORK- World Bank Group 7) AFDB (African Development Bank) FOUNDED YEAR- 1964 HEADQUARTER- Abidjan WORK- Provides development finance on concessional terms to low-income 8) ADB (Asian Development Bank) FOUNDED YEAR- 1966 HEADQUARTER- Manila WORK- The ADB offers “hard loans” from ordinary capital resources (OCR) on commercial terms 9) EBRD (European Bank for Reconstruction and Development) FOUNDED YEAR- 1991 HEADQUARTER- London WORK- To support countries of the former Eastern Bloc in the process of establishing their private sectors 10) BIS (Bank of International Settlements) FOUNDED YEAR- 1930 HEADQUARTER- Basle, Basel WORK- The bank of all central banks, 60 members 11) EIB (European Investment Bank) FOUNDED YEAR- 1958 HEADQUARTER- Luxemburg WORK- Created by European Union member states to provide long-term finance, mainly in the EU 12) IDB (Islamic Development Bank) FOUNDED YEAR- 1975 HEADQUARTER- Jeddah, Saudi Arabia WORK- 56 members, established by the Conference of Finance Ministers of Muslim Countries held in Jeddah. 13) SEACEN (South East Asian Central Banks Centre) FOUNDED YEAR- 1982 HEADQUARTER- Kuala Lumpur, Malaysia WORK- 19 Asian central banks 14) ECB (European Central Bank) FOUNDED YEAR- 1998 HEADQUARTER- Frankfurt am Main WORK- Central bank of 18 EU countries that have adopted the euro
Posted on: Fri, 23 Jan 2015 00:43:21 +0000
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