International Organizations
International Organizations

An international organization which is also known as an intergovernmental organization is a kind of organization established by an instrument governed by international law or by a treaty and possessing its own international personality.

The World Bank- [1944]

  • It works in every major area of development. it provides a wide array of financial products and technical assistance and majorly helps underdeveloped countries. 

  • India is one of the founder countries of the world bank that prepared the agenda for the Bretton Woods conference in 1944.

  • Headquarters- Wahington D.C 

  • President - David R. Malpass

International Monetary Fund (IMF)- [27th December 1945]

  • its primary purpose is to ensure the stability of the international monetary system.

  • India is one of the original members of IMF among 189 countries.

  • Headquarters- Washington D.C 

  • Managing Director- Kristalina Georgieva

World Trade Organization (WTO)- [1 January 1995]

  • provides a forum for negotiating agreements aimed at reducing obstacles to international trade and ensuring a level playing field for all.

  • Afganistan became the 164th member on 29 July 2016 and India is also its member.

  • Headquarters- Geneva, Switzerland

  • Director-General - Roberto Azevedo

Bank for International Settlements (BIS)- [17th May 1930]

  • it acts as a bank for central banks by serving them in pursuit of monetary and financial stability, to foster international cooperation.

  • it has 60 members of which India is one of them.

  • Headquarters- Basel, Switzerland.

  • General manager- Agustin Carstens

World Economic Forum ( WEF)- [1971]

  • it tries to shape global, regional, and industry agendas through engaging the foremost political, business, and other leaders of the society.

  • provides a platform for the world's 1000 leading companies to shapes a better future.

  • Headquarters- Cologny, Switzerland.

  • Executive Chairman- Klaus Schwab

The Asian Development Bank - [19 December 1966]

  • As a multinational development finance institution, it provides loans, technical assistance, and grand to help developing member countries reduce poverty and improve the standard of living of their people.

  • India is a founding member as well as the fourth-largest shareholer.

  • Headquarters- Mandaluyong, Metro Manila, Philippines

  • Head- Masatsugu Asakawa.

New Development Bank- 

  • During the sixth BRICS summit in Fortaleza, Nations signed the Agreement establishing the New Development Bank in 2014.

  • it provides technical and financial assistance to achieve environmental and social sustainability.

  • Being a founding member of NDB, India has 20 % shareholding and 20% of voting rights.

  • all BRICS nations are members of NDB.

  • Headquarters- Shanghai, China

  • President- Marcos Trayjo.


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