Overview
International Financial Institutions (IFIs) play a vital role in the global economy by providing financial support and expertise to countries, particularly in times of economic distress. They help stabilize economies, promote development, and reduce poverty through various funding mechanisms, includ...
Key Terms
Example: The World Bank and IMF are key IFIs.
Example: The World Bank funded a new highway in a developing country.
Example: The IMF provided financial assistance to a country facing a debt crisis.
Example: Development assistance can include grants for education.
Example: Economic stability is crucial for attracting foreign investment.
Example: The World Bank uses loans and grants as funding mechanisms.
Related Topics
Global Trade
The exchange of goods and services across international borders, influenced by IFIs.
intermediateEconomic Development
The process of improving the economic well-being of a community, often supported by IFIs.
intermediateSustainable Development Goals
A set of global goals aimed at addressing social, economic, and environmental challenges.
advancedKey Concepts
World BankInternational Monetary FundDevelopment AssistanceEconomic Stability