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The World Bank

(IBRD International Bank for Reconstruction and Development) this was set up to reconstruct war torn economies. In time it became the vehicle for encouraging development in the poorer economies of the third world, where it is still a significant source of finance and policy advice. 


(IMF International Monetary Fund) is concerned with the monetary stability in the world economy. Members contribute to the quota subscriptions. The IMF still provides loans to countries with balance of payment deficits which are causing their currency's to depreciate very sharply. 

The World Trade Organisation 

Organised regular trade negotiations which lead to import controls being steadily reduced, it also helped many countries to find…


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