3. INTERNATIONAL MONETARY FUND:
The International Monetary Fund is a major financial agency
of the United Nations, and an international financial
institution, headquartered in Washington, D.C., consistingof
190 countries
4. Main functions of International Monetary Fund
Exchange Stability
Eliminating BOP Disequilibrium
Determination of Par Value
Stabilize Economies
Credit Facilities
Maintenance of Liquidity
Technical Assistance
5. ROLE OF IMF
Development of international trade
Strict on multiple exchange rates
Elaborate lending operations
Enhance trading activities
6. IBRD
The International Bankfor Reconstruction and
Development (IBRD) is an international financialinstitution,
establishedin 1944 and headquartered in Washington, D.C., United
States, that is the lendingarm of World Bank Group. The IBRD
offers loans to middle-incomedevelopingcountries.
7. To assist in reconstruction and development of the
territories of its member-governments
To promote foreign private investment by guarantees
To promote the long-range growth of international
trade
Functions of International Bank for
Reconstruction and Development
8. SAARC
The South Asian Association for Regional
Cooperation (SAARC) is the regional intergovernmental
organization and geopolitical union of states in South Asia.
Its member states
are Afghanistan, Bangladesh,Bhutan, India, Maldives,Nepal
, Pakistan, and Sri Lanka.
9. OBJECTIVES OF SAARC
To advancethe welfareof South Asiansandto enhance
their standardof living.
To promote the region’seconomic growth,social
advancement,and cultural development while giving
everyone the chance to live in dignityandreachtheir full
potential.
To encourageandreinforceSouth Asiancountries’
collective self-reliance.
To foster understanding,trust, andrespect for one
another’sconcerns.
To encourageactivecooperationandmutual aidin the
realmsof economics, society, culture, technology, and
science;
