Other related instituitions - Bank
Asian Development Bank
Asian Development Bank (ADB) was established in 1966 with only 31 members, it is a multilateral development finance institution dedicated to reducing poverty in Asia and the Pacific. ADB is now owned by 61 members, mostly from the region. The headquarter of ADB is in Manila.
European Bank for Reconstruction and Development
The EBRD was established in 1991 when communism was crumbling in central and eastern Europe and ex-soviet countries needed support to nurture a new private sector in a democratic environment. Today the EBRD uses the tools of investment to help build market economies and democracies in 27 countries from central Europe to central Asia.
European Central Bank
European Central Bank (ECB) is established in 1998, the aim is to implement the stability monetary policy and price stability for the euro area. The headquarter is in Frankfurt. The European System of Central Banks (ESCB) is composed of the ECB and the national central bank of all member countries.
The Bank for International Settlement
The Bank for International Settlement (BIS) was established in 1930. It is one of the world's oldest international financial organization, which fosters international monetary and financial cooperation and serves as a bank for central banks.
BIS's head office is in Basel, Switzerland. The three most important decision-making bodies within the Bank are:
- the General Meeting of member central banks (49 institutions currently have rights of voting and representation at General Meeting)
- the Board of Directors; and
- the Management Committee, composed of senior Bank Officials.
World Bank
The primary focus of the World Bank is on helping the poorest people and the poorest countries. The Bank uses its financial resources, its staff, and its extensive knowledge to help developing countries onto paths of stable, sustainable, and equitable growth. The Bank's headquarter is in Washington, DC. It is run like a cooperative, with its member countries as shareholders.
The World Bank Group consists of five closely associated institutions. Each institution plays a distinct role in the mission to fight poverty and improve living standards for people in the developing world.
- The International Bank for Reconstruction and Development (IBRD)
- The International Development Association (IDA)
- The International Finance Corporation (IFC))
- The Multilateral Investment Guarantee Agency (MIGA))
- The International Center for Settlement of Investment Disputes (ICSID)
International Monetary Fund was established to promote international monetary cooperation, exchange stability, and orderly exchange arrangement; to foster economic growth and to provide financial assistance to countries to help ease balance of payments adjustment.
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