IEcoS (Economic Services) Indian Economics Foreign Trade-India and WTO Requirements Study Material (Page 1 of 3)

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International Monetary Fund: Organisation of IMF, Special Drawing Rights

The World Bank
  • The IMF was established at the conference of 44 Nations held at Bretton Woods, New Hampshire, USA in July 1944.
  • Its current Managing Director is Kristalina Georgieva and currently it has 189 member countries.
  • It was created in order to promot…

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World Bank: Objectives, Organisation, Affiliates for Associate Institutions of World Bank, Functions

The World Bank Part-1
  • The institution for financing the programs of development of various developing and developed countries is the International Bank for reconstruction and development popularly known as World Bank.
  • The Second World War damage to the economy of most of the countries particularly those who were directly involved in the war.
  • The Global war had completely dislocated the multilateral trade and had caused massive destruction of life and property.
  • In 1945, equals r…

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