International Monetary Fund, World Bank & World Trade Organization 🌟 Presented by Abraham Rajesh

1. INTERNATIONAL MONETARY
FUND
WORLD TRADE ORGANIZATION
WORLD BANK
PRESENTED BY RAJESH
about

2. about
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IMF
International
Monetary Fund
1946
WB
World Bank
1944
WTO
World Trade
Organization
1995

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1946
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IMF
International
Monetary Fund

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 The International Monetary Fund (IMF) is an international organization that
promotes global economic growth and financial stability, encourages
international trade, and reduce poverty.
 The IMF was originally created in 1945 as part of the Bretton woods
agreement, which attempted to encourage international financial cooperation
by introducing a system of convertible currencies at fixed exchange rates
 The IMF makes loans to countries that experiencing economic distress to
prevent or mitigate financial cries.

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The IMF’s primary methods for achieving these goals are monitoring capacity building and
lending.
 Surveillance (like a doctor) Gathering data and assessing economic policies of
countries.
 Technical Assistance (like a teacher) Strengthening human skills and institutional
capacity of countries.
 Financial Assistance (like a banker) Lending to countries to support reforms.

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 Joined IMF on 27 DEC, 1945
 India borrowed SDR 3.9 billion (1981-1982) & SDR 2.2 billion (1991-1993).
 In recent years, the fund provided to india was in government securities,
foreign exchange market, public expenditure management & tax & customer
administrations.
 According to India Times – India borrowed from IMF in cries of 1990’s & fully
repaid its loan (India does not need any financing from IMF).

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 India and the IMF has a positive relationship. The IMF has provided financial
assistance to India, which has helped in boosting the country’s economy.
 In 2005, the IMF said that the budget of India is very positive for it points that
the economy of the country will grow at the rate of 6.7%.
 The Managing Director of International Monetary Fund Radrigo De Rato
visited India in May 2005.
 IMF said that the reasons behind the economy growth of India of India are
that the RBI has been able to control inflation and has also handled its
monetary policies very skillfully.

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WB
World Bank
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 The World Bank is an Internationally supported bank that provides financial
and technical assistance to developing countries for development programs
(E.g. Bridges, Roads, School) with the stated goal of reducing poverty.
 The World Bank provides financing, advice, and other resources to developing
countries in the areas of education, public safety, heath, and other areas of
need. Often, nations, organizations, and other institutions partner with the
world bank to sponsor development projects.

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 This includes providing long term capital to its member nations for economic
development and reconstruction.
 Also, it helps by providing guarantees against loads granted to large and
small units and other projects for the member nations.
 So, it ensures that the development projects are implemented. Thus, it brings
a sense of transparency for a nation from war-time to a peaceful economy.
 Also, it promotes the capital investment for member nations by providing a
guarantee for capital investment and loans.

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 It wants to improve the stability by reducing poverty.
 So, it is working towards achieving sustainable growth.
 Increasing the opportunities for jobs and business in member nations which
are underdeveloped.
 It plans to promote the socio-economic status of the society.
 Also, it wants to ensure that the judicial and legal systems are developed and
individual rights are protected.
 Strengthen the government of its member nations by promoting education.
 It wants to provide loans with low-interest rates and interest-free credits.

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 It helps the war-devasted countries by granting them loans for reconstruction.
 Thus, they provide extensive experience and the financial resources of the
bank help the poor countries increase their economic growth, reducing
poverty and a better standard of living.
 Also, it helps the underdeveloped countries by granting development loans.
 So, it also provides loans to various governments for irrigation, agriculture,
water supply, health, education, etc.

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 It promotes foreign investments to other organizations by guaranteeing the
loans.
 Also, the world bank provides economic, monetary, and technical advice to
the member countries for any of their projects.
 Thus, it encourages the development of of-industries in underdeveloped
countries by introducing the various economic reforms.

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WTO
World Trade
Organization

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 World Trade Organization (WTO), international organization established to
supervise and liberalize world trade.
 The World Trade Organization (WTO) is the only global international
organization dealing with the rules of trade between nations. At its heart are
the WTO agreements, negotiated and signed by the bulk of the world’s trading
nations and ratified in their parliaments. The goal is to ensure that trade flows
as smoothly, predictably and freely as possible.
 The primary purpose of the WTO is to open trade for the benefit of all.

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The WTO has many roles:
 it operates a global system of trade rules.
 it acts as a forum for negotiating trade agreements.
 it settles trade disputes between its members and it supports the needs of
developing countries.

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 Administering WTO trade agreements.
 Forum for trade negotiations.
 Handling trade disputes.
 Monitoring national trade policies.
 Technical assistance and training for developing countries.
 Cooperation with other international organizations.

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 Trade Without Discrimination.
 Freer trade: gradually, through negotiation.
 Predictability: through binding and transparency.
 Promoting fair competition.
 Encouraging development and economic reform.

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Thank
You