World Bank and International Monetary Fund.docx - World...

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World Bank and International Monetary FundRead this article to learn about the organisation,structure, capital resources, objectives and function ofworld bank!The International Bank for Reconstruction and Development(IBRD), commonly referred to as the World Bank, is aninternational financial institution whose purposes includeassisting the development of its member nation’s territories,promoting and supplementing private foreign investmentand promoting long-range balance growth in internationaltrade.Functions:World Bank is playing main role of providing loans fordevelopment works to member countries, especially tounderdeveloped countries. The World Bank provides long-term loans for various development projects of 5 to 20 yearsduration.Objectives:The following objectives are assigned by the WorldBank:1. To provide long-run capital to member countries foreconomic reconstruction and development.
ADVERTISEMENTS:2. To induce long-run capital investment for assuringBalance of Payments (BoP) equilibrium and balanceddevelopment of international trade.

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Term
Fall
Professor
professor_unknown
Tags
International Economics, International Monetary Fund

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