Question

In: Accounting

Write historical background, structure, functions, features, advantages of following international financial institutions IMF WB SBP OIC...

Write historical background, structure, functions, features, advantages of following international financial institutions
IMF
WB
SBP
OIC
SAARC

Solutions

Expert Solution

IMF: International Monetary Fund

Historical background-

Created in 1945, Organization of 189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employement

Structure-

Board of governors- one governor and one one alternate governer for each member country, Executive board, Managing director, staff, IMFC, Country Authorities

Functions and features-

Economic surveillance, Lending, Capacity development

Advantages-

Promotes global financial stability

Temporary financial help to countries having balance of payments problem

WB- World Bank

Background-

Formed 1944 along with IMF at Bretton Woods conference, Headquarters: Washington DC

Structure- 5 constituent institutions

IBRD, IDA, IFC, MIGA, ICSID

Function and features-

Helps war devastated countries by granting them loans

Help poor countries increase their economic growth

Advantages-

Poverty reduction by providing technical and financial support

Developmental assitance to low income countries

SBP- State bank of Pakistan

History- Bank was nationalized in 1974; Karachi

Structure- 10 Members: Governor, Secretary, Eight directors from each province

Functions and features- Conduct of Monetary and credit policies, Sole authority to issue notes

Advantages- Monetary stability, operate currency and credit system

OIC - Organization of Islamic Coorporation running IDB

History- 1975; Jeddah, Saudi Arabia

Structure- 57 Member states

Functions and features- Uphold peace and security, advance education and increase cooperation in social, economic, scientific areas

Advantages- Safeguard the interest and ensure the progress and well being of people

SAARC- South Asian Association for regional cooperation

Established- 1985; Dhaka

Structure- 6 Apex bodies, Secretariat, leaders

Functions and features- Development of economical and regional integration

Maintains permanent diplomatic relations at the UN as an observer

Advantages: Business Opportunities, platform for young entrepreneurs, networking, visa facilitation


Related Solutions

List five functions of following financial institutions?      • IMF • World Bank • SBP
List five functions of following financial institutions?      • IMF • World Bank • SBP
Most of the international institutions (e.g., IMF, WB, etc) today were set up after WW2. What...
Most of the international institutions (e.g., IMF, WB, etc) today were set up after WW2. What would you suggest to make them more effective in today's environment?
Recently a meeting was organized by the IMF and the World Bank with International financial institutions...
Recently a meeting was organized by the IMF and the World Bank with International financial institutions (IFI) members, everyone discussed the unexpected nature of COVID-19, its consequences and how it will affect the economic development of the countries. How to mitigate this pandemic problem and its impact on various countries development progress. The International financial institutions (IFIs) took encouraging steps to increase their financial contribution and they are ready to help for the needed countries. No country is safe if...
Q#07: List five functions of following financial institutions? give accurate answers with examples IMF World Bank...
Q#07: List five functions of following financial institutions? give accurate answers with examples IMF World Bank SBP
Discuss how the following agencies facilitate international trade and financial transactions International Monetary Fund (IMF) World...
Discuss how the following agencies facilitate international trade and financial transactions International Monetary Fund (IMF) World Bank World Trade Organisation (WTO) International Finance Corporation (IFC)
Write an essay on the following: Financial reports are largely based on historical financial information and...
Write an essay on the following: Financial reports are largely based on historical financial information and are therefore useful in assessing the accountability (stewardship) of management, but of little use to external decision-makers when it comes to allocating scarce resources.  (750 words)
International Financial Institutions and Markets 1 Assignment 2 (of 6) Due: March 27th The following items...
International Financial Institutions and Markets 1 Assignment 2 (of 6) Due: March 27th The following items are a simplified version of recent balance sheet data relating to the Reserve Bank of Australia: Government securities $50bn Government balance $45bn Exchange settlement account balances $30bn Net foreign currency reserves (and gold) $70bn Other assets $2bn Currency at issue $60bn Accounts due to foreign central banks and others $10bn Loans to private banks $40bn 1. Classify each of the above individually as either...
Write  the following functions using the following structure for a point. struct Point { double x, y;...
Write  the following functions using the following structure for a point. struct Point { double x, y; }; (a) A function that passes a point and returns an integer (1, 2, 3, or 4) to indicate in which quadrant the point is located int findQuadrant(struct Point testpoint) { } (b) A function that passes two points and returns the distance between them. float distance(struct Point point1, struct Point point2) { } (c) A function that passes two points and generate the...
Write a program to implement linked list data structure that will have following functions: a. Append...
Write a program to implement linked list data structure that will have following functions: a. Append a node in the list b. Insert a node in the list c. Delete a node from the list d. Display list e. Find maximum value in the list f. Find how many times a value exists in the list. g. Search Portion of the code is give below. You have to write code for the items (e, f, g) Program: #include<stdlib.h> #include<stdio.h> #include<iostream>...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT