Finance
What the SWIFT is all about in Banking
SWIFT stands for the Society for Worldwide Inter-bank Financial Telecommunication. It is a co-operative society registered in Brussels and owned…
Read More »The Origin of World Trade Organisation from GATT
Established in 1947, the General Agreement on Tariffs and Trade (GATT) was engaged in efforts at promoting multilateralism in world…
Read More »The Formation and Objectives of Asian Clearing Union
The Asian Clearing Union (ACU) is an effort towards securing regional co-operation amongst the members of the United Nations Economic…
Read More »Exchange Rate Mechanism and European Currency Unit
The European Union (EU) is a sterling example of successful economic integration among the countries of a region. Formerly known…
Read More »Functions of International Development Association – IDA
International development Association (IDA) is an affiliate of the IBRD. It was established in 1960 to provide ‘soft loans’ to…
Read More »Functions of International Finance Corporation – IFC
The IBRD loans are available only to member country governments or with the guarantee of member-country governments. Further IBRD can…
Read More »Functions of International Bank for Reconstruction and Development (IBRD)
International Bank for Reconstruction and Development. Also known as World Bank, the IBRD is an offshoot of the BrettonWoods Conference…
Read More »How is Special Drawing Right Calculated and Allocated
During the late sixties the growth in world resources did not keep pace with the growth in international trade. During…
Read More »The Various Schemes Under Which IMF Gives Loans To Its Member-countries
IMF provides temporary assistance to members to tide over balance of payments deficits. When a country requires foreign exchange, it…
Read More »Objectives of International Monetary Fund – IMF
International Monetary Fund. IMF is one of the two institutions that were established as a result of the Brettonwoods Conference…
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