International Monetary Fund The International Monetary Fund (IMF) is an organization of 188 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.

IMF performs the following functions . (i) Providing short terms credit to member countries for meeting temporary difficulties due to adverse balance of payments. (ii) Reconciling conflicting claims of member countries.

(iii) Providing a reservoir of currencies of membercountries and enabling members to borrow on another's currency.
(iv) Promoting orderly adjustment of exchange rates. (v) Advising member countries on economic, monetary and technical matters.

MAIN PURPOSES IMF

Promoting international monetary cooperation; Facilitating the expansion and balanced growth of international trade. Promoting exchange stability; Assisting in the establishment of a multilateral system of payments; and Making resources available (with adequate safeguards) to members experiencing balance of payments difficulties.

IMF Operations:
The IMF has shown great interest in the economic development of under development countries. It has made a steady progress towards the establishment of a multilateral system of payment in respect of current transactions.

It has simplified the multiple exchange system. The IMF has promoted exchange rate stability and expansion of world trade.
It has provided an excellent forum for the discussion and solution of economic, fiscal and financial problems having an international impact. The IMF has granted undue credit to some countries. Its insistence on devaluation in some cases proved ill advised. It has followed a week policy in the fixation of exchange rate. It has been charged as being partial to developed countries and not helping adequately the under developed countries.

OBJECTIVES OF THE IMF

INTERNATIONAL MONETARY CO OPERATION TO FACILITATE EXPANSION AND BALANCED GROWTH OF INTERNATIONAL TRADE TO PROMOTE EXCHANGE STABILITY GENERATING HIGHER EMPLOYMENT AND INCOME ABOLITION OF EXCHANGE RESTRICTION AID TO MEMBERS DURING EMERGENCY TO SHORTEN THE DURATION AND LESSEN THE DEGREE OF DISEQUILIBRIUM IN THE INTERNATIONAL BALANCE OF PAYMENTS OF MEMBERS.

Important role of IMF:

1. Collection and allocation of reserves
2. Supervising the adjustable peg system 3. Rendering advice to member countries on their international monetary affairs 4. Promoting research in various areas of international economics and monetary economics 5. Providing a forum for discussion and consultation among member countries

WORLD BANK

The world bank is an internationally supported bank that provides financial and technical assistance to developing countries for development programs (e.g. bridges, roads, schools)with the stated goal of reducing poverty.

HISTORY
The world bank is one of the two Breton Woods Institutions which were created in 1944 to rebuild a wartorn Europe after World War II . Later ,largely due to the contributions of the Marshall Plan ,the World Bank was forced to find a new area in which to focus its efforts.

OBJECTIVES
1. Investing in people, particularly through basic health and education 2. Focusing on social development, inclusion governance, and institutionbuilding as key elements of poverty reduction. 3. Strengthening the ability of the governments to deliver quality services, efficiently and transparently 4. Protecting the environment. 5. Supporting and encouraging private business development

6. Promoting reforms to create a stable macroeconomic environment, conducive to investment and long-term planning.

World bank Focus on

Creating Infrastructure

Developing financial systems

Protect individual and property rights Implement legal systems that encourage business

Functions
Improving living standards

Poverty reduction strategies

Clean technology fund management Clean air initiative

United Nations development business

ADB HEADQUARTERS ADB is headquartered in Manila, Philippine

Asian Development Bank (ADB)

The two largest shareholders of the Asian Development Bank are the United States and Japan. Although the majority of the Bank's members are from the Asia-Pacific region, the industrialized nations are also well represented. Regional development banks usually work in harmony with both the International Monetary Fund and the World Bank in their activities.

The Asian Development Bank (ADB)is a regional development bank established in 1966 to promote economic and social development in Asian and Pacific countries through loans and technical assistance.

It is a multilateral development financial institution owned by 67 members, 48 from the region and 19 from other parts of the globe.
ADB's vision is a region free of poverty. Its mission is to help its developing member countries reduce poverty and improve the quality of life of their citizens. Asian Development Bank help its members who are developing countries by providing them with technical assistance, grants, loans, and guarantees.

Asian Development Bank (ADB)

The ADB was established by Asian countries to foster the economic growth and cooperation in the region of Asia and the Far East, including the South Pacific. Asia has about 30 per cent of world population. But the pace of development is slow and inadequate to support the population.
There was need for institution to mobilise additional resources and to attract investment from outside the region. ADB was set up to meet this need. It started functioning on December 19, 1996.

Objectives of ADB

(I) To promote economic cooperation and growth in Asia and the Far East.
(ii) To encourage member countries to work both collectively and individually. (iii) To promote economic growth of member countries by reducing poverty. (iv) To provide technical assistance in the planning and execution of projects of member countries. (v) To support human development activities such as education, health, nutrition, population planning, etc. (vi) To provide support for policy reforms in order to create more opportunities for the poor

Key facts
Ranking Vice-President and Acting Chair of the Board of Directors: Bindu.N.Lohani

Members:

67; 48 regional members; 19 nonregional members

Offices:

Headquarters in Manila, Philippines, with 27 resident missions and 3 representative offices in Tokyo, Frankfurt, and Washington, DC

Founded: Budget:

1966 2013 Budget

Financing in 2011:

$21.72 billion

The main functions of ADB are: Technical assistance provided to members, so that they can plan and execute development strategies and projects. Assistance to DMCs (Developing Member Countries) to coordinate policies designed for development. Equity investments and loans to member nations.

Encouragement to member nations to invest private and public capital for development.

Thank you
PRESENTED BY: VEENA.P.K LATHA.M