
C H A P T E R
CHAPTER OBJECTIVES
17
Multilateral
Financial Institutions
After studying this chapter, you should be able to:
1 Highlight the role of the International Bank for Reconstruction and Development
(IBRD) in the development of the world economy.
2 Discuss the economic and social functions of the International Development
Association (IDA).
3 Present a brief sketch of the International Finance Corporation (IFC).
4 Discuss the role of the Asian Development Bank (ADB) as a multilateral financing
agency.
5 Describe the role of the International Monetary Fund (IMF) in promotinga stronger
international monetary system.
Introduction
To focus ...