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International Financial Management by Thummuluri Siddaiah

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Chapter 16

Multilateral Financial Institutions

LEARNING OBJECTIVES

After studying this chapter, you should be able to:

  • Highlight the role of the International Bank for Reconstruction and Development (IBRD), or World Bank, in the development of the world economy.

  • Discuss the economic and social functions of the International Development Association (IDA).

  • Present a brief sketch of the International Finance Corporation (IFC).

  • Discuss the role of the Asian Development Bank (ADB) as a multilateral financing agency.

  • Describe the role of the International Monetary Fund (IMF) in promoting a stronger international monetary system.

16.1 Introduction

In order to focus on the overall development of the world economy, many institutions of multilateral ...

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