International financial institutions (IFIs) are established by multiple countries and governed by international law, with national governments and other international organizations typically owning shares. Major IFIs include the World Bank Group consisting of the International Bank for Reconstruction and Development, International Development Association, International Finance Corporation, Multilateral Investment Guarantee Agency, and International Centre for Settlement of Investment Disputes. Other key IFIs are the International Monetary Fund and regional development banks like the African Development Bank and Asian Development Bank. The common goals of IFIs are reducing poverty, improving living standards, and supporting sustainable economic and social development and regional cooperation.

1. INTERNATIONAL ASPECTS OF FINANCIAL INSTITUTION
INTERNATIONAL FINANCIAL INSTITUTION (IFIs) are financial institutions that have been
established by more than one country and hence are the subjects of international laws.
Their owners or shareholders are generally national government, although other
international institutions and other organizations occasionally figure as shareholders. The
most prominent IFI’s are creations of multiple nations, although some bilateral financial
institutions exist and are technically IFI’s. Many of these are multilateral development
banks (MDB).
WHAT ARE INTERNATIONAL FINANCIAL INSTITUTIONS?
World Bank Group(WBG)
 International bank of reconstruction and development (IBRD)
 International development association(IDA)
 International finance corporation(IFC)
 Multilateral investment guarantee agency (MIGA)
 International centre for settlement of investment disputes(ICSID)
International Monetary Fund(IMF)
Regional development banks , such as:
 African development bank (AFDB)
 Asian development bank (ADB)
 Inter-American development bank(IADB)
 Bank of south
 European bank for reconstruction and development (EBRD)
INTERNATIONAL FINANCIAL INSTITUTIONS :COMMON
GOAL
 To reduce global poverty and improves people’s living condition and standards.
 To support sustainable economic, social and institutional development
 To promote regional cooperation and integration