global institutions

Question 1

IMF(international monetary funds)

Answer 1

• oversees exchange rats to keep them more stable
• compares value to the US $
• gives short term loans to LIC’s
• financed by quotas from members of different countries
• biggest contributors are USA, japan, china and germany
• biggest borrowers- greece, pakistan, portugal and ukraine

Question 2

WB(world bank)

Answer 2

• set up to build back economy and countries after WW2
• focuses on poorest countries economic growth by providing funding and resources
• funded by bonds/private investers
• projects tend to be in africa and E asia
• its a long term economic support

Question 3

WTO(world trade organisation)

Answer 3

• regulates international trade and its goal is to stabilise it
• voting is done to set rules
• they can impose sanctions if regulation doesnt occur
• helps reduce tariffs/taxes on trade
• speeds up trade by removing certain custom procedures