INTERNATIONAL ECONOMIC ORGANIZATIONS
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Free sample — 8 of 66 rapid-fire Q&A cards.
What is the primary purpose of the International Monetary Fund (IMF)?
The IMF was established to promote international monetary cooperation, facilitate expansion of international trade, and provide temporary financial assistance to member countries facing balance of payments difficulties.
What is the primary objective of the United Nations Conference on Trade and Development (UNCTAD)?
To promote trade and development in developing countries globally.
In which year was the IMF established?
The IMF was established in 1944 at the Bretton Woods Conference and came into existence in 1945, beginning financial operations in 1947.
Where is the headquarters of the International Monetary Fund located?
Washington D.C., United States of America.
What are Special Drawing Rights (SDRs) issued by the IMF?
SDRs are an international reserve asset created by the IMF to supplement member countries' official reserves; their value is based on a basket of five major currencies: the US dollar, euro, Chinese renminbi, Japanese yen, and British pound.
What is the primary purpose of the World Bank's IBRD?
Providing loans to middle-income and creditworthy low-income countries.
What is the World Bank Group's primary mandate?
The World Bank Group aims to reduce poverty and promote shared prosperity by providing financial and technical assistance to developing countries for development programs such as bridges, roads, schools, and healthcare.
When was the World Trade Organization formally established?
January 1, 1995, replacing the GATT agreement.
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