Is the UK Accommodating China by Becoming a Founding Member of the AIIB?
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...
America’s Perverse Control Over The World Bank: Joseph Stiglitz
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...
With Kim’s Nomination, The US Finally Awakens To A New Reality: Jeffrey Sachs
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...
Can The World Bank Rediscover Itself? : Jeffrey Sachs
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...
Will The World Bank Make The Right Choice?: Devesh Kapur & Arvind Subramanian
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...
International Economic Organizations
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...
World Trade Organisation (WTO)
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...
Organization of The Petroleum Exporting Countries (OPEC)
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 Organisations
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...
North American Free Trade Association (NAFTA)
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...
International Finance Corporation (IFC)
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...
IMF, International Monetary Fund
The International Monetary Fund or IMF came into existence in 1945, after the end of World War II and at the beginning of the Cold War. Currently, the IMF has its headquarters in Washington, D.C. and comprises 185 member nations....
ILO, International Labour (Labor) Organization (Organisation)
The International Labour (Labor) Organization (Organisation) or ILO addresses global labor issues and creates standards for the improvement of working conditions. Established in 1919-1920 with the League of Nations, it started operating as a UN agency after WW-II. The reason...
World Bank Member Countries, World Bank Directory
Presently The International Bank for Reconstruction and Development (IBRD) have 184 member countries, International Development Association (IDA) has 165 members, International Finance Corporation (IFC) has 178 members, Multilateral Investment Guarantee Agency (MIGA) has 167 members and The International Centre for...
International Labour Organisation (ILO) Member Countries
The Member Countries of International Labour Organization is as follows: ILO Member Countries The Member Countries of International Labour Organization is as follows: ILO Member Countries Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bolivia Bosnia...