List of International Financial institutions in the World.

List of International Financial institutions in World for Bank and Other Exams

GK is important part of bank and other competitive exam. Not just for exam is is important overall. In this article, we will share with you List of International Financial institutions in World for Bank and Other Exams.

The International Financial institutions are established by more than one country and are therefore subject to international law. The shareholders or owners of these Financial Institutions are generally governments of various countries. The most prominent International Financial institutions were established after the second world war. The reason behind it, was to manage the global financial system with the help of international cooperation as well as the reconstruction of Europe.

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There are different types of International Financial institutions-

Multilateral Development Banks
Bretton Woods institutions
Regional Development Banks
Bilateral Development Banks and Agencies
Other regional Financial institutions

MULTILATERAL DEVELOPMENT BANKS

These are the Financial institutions that are responsible for providing professional advice and finances to enhance development. It includes- member countries, developed donor countries and developing borrower countries.

They provide long term loans at market rates, very long term loans below market rates, and grants.

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The prime Multilateral Development Banks are:

World Bank
European Investment Bank (EIB)
Islamic Development Bank (IsDB)
Asian Development Bank (ADB)
European Bank For Reconstruction And Development (EBRD)
CAF- Development Bank of Latin America
Inter-American Development Bank Group (IDB, IADB)
African Development Bank (AFDB)
New Development Bank (NDB)
Asian Infrastructure Development Bank (AIIB)
Arab Petroleum Investment Corporation (APICORP)
Eastern and Southern African Trade and Development Bank (TDB)

The sub- regional Multilateral Development Banks are:

Central American Bank for Economic Integration (CABEI)
Black Sea Trade and Development Bank (BSTDB)
Economic Cooperation Organization Trade and Development Bank (ETDB)
North American Development Bank (Nadbank)
East African Development Bank (EADB)
West African Development Bank (BOAD)
Caribbean Development Bank (CDB)
Eurasian Development Bank (EDB)

The Multilateral Financial institutions can also be considered part of Multilateral Development Banks. The only difference is that Multilateral Financial institutions have Limited membership than Multilateral Development Banks. They are:

Arab Bank for Economic Development in Africa (BADEA)
OPEC Fund for International Development (OFID)
European Commission (EC)
International Finance Facility for Immunisation (IFFIM)
International Fund for Agricultural Development (IFAD)
Nederlandse Financieringsmaatschappij voor Ontwikkelingslanden NV (FMO)
International Investment Bank (IIB)
Nordic Investment Bank (NIB)
International Bank for Economic Co-operation (IBEC)

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BRETTON WOODS INSTITUTIONS:

International Monetary Fund (IMF),1944
International Bank for Reconstruction and Development (IBRD), 1944
International Finance Corporation (IFC), 1956
International Development Association (IDA), 1960
International Center for Settlement of Investment Disputes (ICSID), 1966
Multilateral Investment Guarantee Agency (MIGA), 1988
General Agreement on Tariffs and Trade (GATT), 1995

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REGIONAL DEVELOPMENT BANKS

These Financial institutions are those institutions which have similar functions as the World bank but they focus on prime specific regions. The Regional Development Banks are:

Inte-American Development Bank (IDB), 1959
Central American Bank for Economic Integration (CABEI) 1960
Islamic Development Bank Group (IsDB), 1973
Asian Development Bank (ADB), 1966
Council of Europe Development Bank (CEB), 1956
Banque Ouest-Africaine de Développement (BOAD), 1973
Banque de développement des États de l’Afrique centrale (BDEAC), 1975
African Development Bank (AfDB), 1964
European Bank for Reconstruction and Development (EBRD), 1991
Development Bank of Latin America (CAF), 1970

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BILATERAL DEVELOPMENT BANKS AND AGENCIES

They are financial institutions that are set up to finance development projects by one individual country in a developing country and its emerging market. They are:

Netherlands Development Finance Company.
DEG German Investment Corporation or Deutsche Investitions
French Development Agency and Caisse des dépôts
The CDC Group

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OTHER REGIONAL FINANCIAL INSTITUTIONS

Bank for International Settlements (BIS), (1930)
African Association of Central Banks (AACB), Association des Banques Centrales (ABCA), (1965)
Nordic Investment Bank (NIB), (1976)
European Central Bank (ECB), (1998)
European Investment Bank (EIB), (1958)
South East Asian Central Banks Center (SEACEN), (1982)
International Investment Bank (IIB), (1970)
Black Sea Trade and Development Bank (BSTDB), (1997)

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