International Financial Management

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 ...