SP 2.2 - IGOs

Question 1

Name the six IGOs.

Answer 1

1) International Monetary Fund (IMF)
2) World Bank
3) United Nations (UN)
4) World Trade Organization (WTO)
5) North Atlantic Treaty Organisation (NATO)
6) Organisation for Economic Co-operation and Development (OECD)

Question 2

What is the function of the IMF?

Answer 2

To monitor the economic and financial development and lend money to countries facing financial difficulties

Question 3

What is the function of the World Bank?

Answer 3

To give advice, loans and grants for the reduction of poverty and the promotion of economic development

Question 4

What is the function of the United Nations?

Answer 4

To prevent war and to arbitrate on international disputes.

Question 5

What is the function of the WTO?

Answer 5

Trade policy, agreements and settling disputes. It promotes global free trade.

Question 6

What is the function of the NATO?

Answer 6

A military alliance between European countries and the USA. Recent new members include Poland.

Question 7

What is the function of the the OECD?

Answer 7

Analysis of economic development. Forecasting and researching development issues.

Question 8

What was the combined military spending of the G8 in 2007?

Answer 8

US$850 Billion