International Organisations

You must be thorough with Different Economic Reports Released in our nation and the world. You also ought to be aware of the Different Monetary Policies and any other important updates. You must be updated with all the ongoing buzz in economy, finance and social issues.

An international organization is an association with a universal enrolment, scope, or presence. There are two principle types: International nongovernmental associations and Non-governmental associations that work globally.

Few international organisations are listed below:

Asian Infrastructure Investment Bank - The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia. Headquartered in Beijing, it began operations in January 2016 and has now grown to 97 approved members worldwide.

New Development Bank - The New Development Bank, formerly referred to as the BRICS Development Bank, is a multilateral development bank established by the BRICS states. It is headquartered in Shanghai, China.

Asian Development Bank - The Asian Development Bank was conceived in the early 1960s as a financial institution that would be Asian in character and foster economic growth and cooperation in one of the poorest regions in the world. It is headquartered in Manila, Philippines.

International Monetary Fund - The International Monetary Fund (IMF) is an organization of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. It is headquartered in Washington DC, US.

World Bank - With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. It is headquartered in Washington DC, US.

United Nations Organization - The United Nations is an international organization founded in 1945. It is currently made up of 193 Member States. The mission and work of the United Nations are guided by the purposes and principles contained in its founding Charter. It is headquartered in New York, US.

Make sure you know the functions and the reason for being formed of all the International Organisations. Also, since the questions are MCQ based it is important for you to remember the year when it was formed and its headquarters.

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