International financial institutions (IFIs) are established by multiple countries and subject to international law. The three most prominent IFIs are the World Bank Group, International Monetary Fund, and regional development banks. The World Bank Group aims to reduce poverty through sustainable development projects and loans. It consists of 5 organizations focused on development assistance, financing, and dispute settlement. The IMF works to stabilize exchange rates and support global monetary cooperation. Regional development banks like the Asian Development Bank and African Development Bank provide financing to their respective regions.