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