This document summarizes several international banks: the World Bank, International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), International Finance Corporation (IFC), International Monetary Fund (IMF), and Asian Development Bank (ADB). It describes the purpose and objectives of each bank, including reconstructing nations after WWII (IBRD), providing loans to poorer countries (IDA), promoting private investment in developing countries (IFC), stabilizing exchange rates and supervising international payments (IMF), and promoting social and economic development in Asia (ADB).

1. SUSANHAMLET
MH 14 17

2. Introduction
 Banking, the business of providing financial services to
consumers and businesses.
 The basic services a bank provides :
 Checking accounts, which can be used like money to
make payments and purchase goods and services;
savings accounts and time deposits that can be used to
save money for future use etc.

7. WORLD BANK
 The World Bank, also known as the International Bank for
Reconstruction and Development has been assisting
developing nations since its creation out of Bretton Woods
agreement in 1944.
 The World Bank Group is made up of five organizations:
 The International Bank for Reconstruction and
Development (IBRD).

8.  The International Development Association (IDA).
 The International Finance Corporation (IFC).
 The Multilateral Investment Guarantee Agency
(MIGA).
 The International Centre for the Settlement of
Investment Disputes (ICSID).

9.  Headquarters: Washington, DC and more than 100
offices around the world
 Established: July 1, 1944 by a conference of 44
governments in Bretton Woods, New Hampshire,
USA
 Membership: 184countries.
 The World Bank is run like a cooperative, with
their member countries as shareholders.

10. INTERNATIONAL BANK FOR RECONSTRUCTION
AND DEVELOPMENT
 The International Bank for
Reconstruction and
Development IBRD
provides loans and
development assistance to
middle income countries in
Latin America, Asia, Africa
and Eastern Europe.
 STANDARD CHARTERED

11. OBJECTIVES OF THE BANK
 The IBRD is an international organization whose original
mission was to finance the reconstruction of nations
devastated by World War II
 Encouragement and development of productive facilities
in less developed countries.
 Restoration of economies destroyed by war, famine and
flood.
 Development of territories of members.
 Promotion of foreign investment.
 Its mission has expanded to fight poverty by means of
financing states.

12. INTERNATIONAL DEVELOPMENT
ASSOCIATION (IDA):
 The International
Development Association was
established in September 24,
1960.
 165 Members is the part of the
World Bank that helps the
world’s poorest countries.
 IDA is responsible for
providing long-term, interest-
free loans to the world's 80
poorest countries, 39 of which
are in Africa.

13. OBJECTIVES
 The purposes not eligible under IBRD loans like water
supply, urban development, housing, slum clearances,
education, sanitation, health etc. are covered under
IDA loans.
 IDA loans are provided on the basis of :
 Poverty tests
 Performance test
 Project test.

14. INTERNATIONAL FINANCE
CORPORATION (IFC)
 The International Finance
Corporation was
established in 1956.
 It had 176 members.
 It promotes sustainable
private sector investment
in developing countries as
a way to reduce poverty
and improve people's lives.

15. FEATURES
 It makes investment in partnership with private
investors
 Such investments are primarily made for industries
contributing to the development of the country
concerned
 IFC will not seek govt. guarantee for repayment
 It includes projects related to availability of food stuffs.

16. The International Monetary Fund was created in
1944, with a goal to stabilize exchange rates and
supervise the reconstruction of the world’s international
payment system.
 Promote international monetary cooperation.
 Shorten the duration and lessen the degree of
disequilibrium in the international balances of
payments of members.
 Facilitate the expansion and balanced growth of
international trade.

17. Promote exchange stability and maintain
orderly exchange arrangements among
members.
The IMF provides financial assistance to
members in a manner that promotes sustained
growth. The IMF works to foster global growth
and economic stability. It provides policy advice
and financing to members in economic
difficulties and also works with developing
nations.

18.  Formation- Adopted: July 22, 1944 (71 years ago)
 Entered into force: December 27, 1945
 Headquarters- Washington, D.C.
 Membership- 1 nation (founding); 188 nations (to
date)
 Official languages- English, French, and Spanish
 Managing Director- Christine Lagarde
 Main organ- Board of Governors
 Website- www.imf.org

19. TWO SOURCES OF FUNDS FOR IMF
 Subscription by members
 Borrowing from different countries (under
General Agreement to borrow)

20. ASIAN DEVELOPMENT BANK
The Asian Development Bank (ADB) is a regional
development bank established on 22 August1966.
ADB is an international development finance
institution owned by 67 members, 48 of which are
from Asia and the Pacific region
Primary Aim:
The Asian Development Bank aims for an Asia and
Pacific free from poverty.
The social and economic development of the Asian
and Pacific countries.

21. To boost cooperative and immediate regional growth
among member countries
Membership in ADB is open to:
Members and associate members of the United
Nations Economic and Social Commission for Asia and
the Pacific and other regional countries and non-
regional developed countries that are members of the
United Nations or of any of its specialized agencies.

22. AREAS OF WORK
The Bank's operations cover a wide spectrum of activities
and have been classified according to the following
sectors:
 Agriculture
 Education
 Finance
 Health
 Industry and Trade
 Information and Communication Technology
 Transport
 Water

23. CONCLUSION
Thus banking is the business of providing
financial services to consumers and businesses. The
international bank includes the International Monetary
Fund, the World Bank or IBRD, the IDA (Intl dvlpt
asso.), the IFC (Intl fin.Corp.), the ADB (Asian dvlpt
bank).
The IMF promotes international monetary
cooperation, IBRD focuses on the restoration and
development of its members, IDA is responsible for
providing long-term, interest-free loans, IFC encourages
the growth of private investment or savings and ADB
aims for an Asia and Pacific free from poverty.