Transcription of bhar 393 410 - World Bank
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bhar 393 410 - World Bank
39320 The Role of the InternationalFinancial Institutionsin Addressing GlobalIssuesVINAYBHARGAVAA ddressing the many global issues discussed in this volume will requireinternational cooperation in the economic as well as the politicalsphere. The key global institution mobilizing political cooperation amongnations on these issues is the United Nations (UN) system, discussed inchapter 19. Mobilization of economic and financial cooperation, includingissues related to the transfer of resources, is one of the key responsibilities ofthe international financial institutions (IFIs). Together, the UN and IFIs makeup the bulk of the global governance system in place today. This chapter pro-vides an overview of IFIs, the role they play in addressing global issues, andthe main current proposals to improve their Financial Institutions: An OverviewIFIs are institutions that provide financial support and professional advicefor economic and social development activities in developing countriesand promote international economic cooperation and stability.
international financial institutiontypically refers to the International Mone- tary Fund (IMF) and the five multilateral development banks (MDBs): the World Bank Group, the African Development Bank, the Asian Development
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