a.) International Money Fund (IMF)
Created in a conference held in Bretton Woods in 1944.The objectives of IMF includes
- Maintenance of stable exchange rates
The fund requires member countries to intervene in the foreign exchange market to ensure that exchange
rates are within the required limits
- promotion of consultation and co-operation amount member countries
Consultation and cooperation among member countries is necessary in order to maintain stable exchange
rates and a smooth international trade.
-Provision of sufficient international liquidity
IMF holds gold and a pool of member countries currencies' which are used to facilitate international
transactions,
b.) African Development Banks (ADB)
The Africa Development Bank Group is a multinational development bank supported by 77 nations and
established in 1964.The Bank Groups consist of Three institutions:
- The African Development Bank (ADB).
- The African Development Fund (ADF).
- The Nigeria Trust Fund (NTF).
c.) International Bank for Reconstruction and Development (IBRD)
Also referred as World Bank was created in Bretton Woods Conference 1944
sharon kalunda answered the question on February 20, 2019 at 06:30
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