April 2015
Beginner
312 pages
12h 12m
English
Content preview from International Business, 2nd Edition
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10
INTERNATIONAL FINANCIAL INSTITUTIONS
LEARNING OBJECTIVES
After reading this chapter, you should be able to:
- Understand the need for International Financial Institutions in the global economy
- Explain the role of the IMF as a regulator of global finance
- Analyse the importance of the World Bank Group as a source of development finance
- Distinguish between the objectives and functions of the IMF and World Bank
- Examine the regional financial institutions in Asia and Africa
THE NEW BRICS BANK
The five BRICS nations—Brazil, Russia, India, China and South Africa have agreed to establish a development bank for the financing of infrastructure projects. It has been christened ‘The New Development Bank’, and established with a corpus of USD 50 million ...
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