International Organizations

On 12 March 2015, the United Kingdom submitted its application to become a prospective founding member of the China-led Asian Infrastructure Investment Bank (AIIB). The application created a major diplomatic spat between the UK and the US. A spokesperson for...

Rumours suggest that the US is likely to insist on maintaining the perverse selection process in which it gets to pick the World Bank’s president. But while Jim Yong Kim may be a good candidate, no single country should effectively...

Until now, the United States had been given a kind of carte blanche to nominate anyone it wanted to the World Bank presidency. That is how the Bank ended up with several inappropriate leaders, including several bankers and political insiders...

The World Bank’s central mission, when it was established in 1944, was to reduce global poverty and ensure that global development was environmentally sound and socially inclusive. However, since then the Bank has only served as an extension of US...

With Robert Zoellick departing in June as President of the World Bank, the Bank requires a new selection process that will enable it to choose the most qualified person, regardless of nationality. More importantly, it needs to identify the qualifications...

Here is a list of internationally recognised economic bodies:  Abu Dhabi Fund for Development African Development Bank Group(AfDB) African Development Fund (AfDF) Nigeria Trust Fund (NTF) African Export-Import Bank (AFREXIMBANK) Andean Community General Secretariat Andean Development Corporation (CAF) Here is...

The World Trade Organization (WTO) was founded in 1995 by the members of the General Agreement on Tariffs and Trade (GATT). The WTO is the world’s only international organization that supervises 95% of the world’s global trade. It assists trade...

 The Organization Of The Petroleum Exporting Countries (OPEC) was founded in the year 1960 by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela.OPEC is an intergovernmental organization. The sole aim of the organization is to maintain stability in the oil prices through efficient, economic...

Trade organizations are associations that countries establish to liberalize trade among member countries through voluntary participation. Treaties like the NAFTA aim to liberalize trade between member countries smoothly. Trade organizations are established for specific purposes. The aim is to help...

Too many trading forums and treaties are talked and debated about but we hardly remember their actual accomplishments. The North American Free Trade Agreement or NAFTA, which came into force on January 1, 1994, is not just another treaty that...

The International Finance Corporation (IFC) is a Washington, DC-headquartered organization that promotes private sector investments in developing countries. To obtain assistance from the IFC, countries must become its members. The organization has a total of 181 members. TO become a...

This follows a complete list on IFC Member countries and the respective years of joining the organisation.   This follows a complete list on IFC Member countries and the respective years of joining the organisation.   Countries Year Of Joining...

International organizations are legally constituted entities that operate across several nations. Such organizations do not operate for profit. Some of the international organizations are the WTO (World Trade Organization), Global Futures Foundation and IMF (International Monetary Fund). International organizations are...

ADB or the Asian Development Bank is an international financial institute operating since 1966. ADB provides financial assistance to its member nations for poverty reduction and improvement in the quality of life. To finance its projects, ADB issues bonds and...

The BRIC countries are made up of Brazil, Russia, India and China - although if we were to categorize them by importance, it would actually be CIRB. It just doesn't sound as sexy, does it? And lets face it, sexiness...