World Bank is one of five institutions created at Breton Woods Conference in 1944. The World Bank is an international financial institution that provides loans to developing countries for capital programs. It comprises of five institutions: International Bank for Reconstruction and Development (IBRD) : provides loans, credits and grants International Development Association (IDA) : provides …
It is an intergovernmental body that organizes, regulates and control all mineral (non-living resources) related activities in the international seabed area beyond the limits of national jurisdiction. HQ : Jamaica Established in 1994 It is an organization established by the Law of the Sea Convention It functions under the aegis of the United Nations Convention …
Established in 1966 HQ : Manila, Philippines It is a multi-lateral lending agency It is modeled on the World Bank It has a similar weighted voting system where votes are distributed based on member’s capital subscriptions. ADB borrows from international capital markets with its capital as guarantee Japan and USA are its major donors. There …
Asian Infrastructure Investment Bank (AIIB): This is an international financial institution It aims to support the building of infrastructure in the Asia Pacific region It is an initiative of government of China Started operation in 2016 HQ : Beijing, China 103 members and the membership is open to all members of Asian Development Bank and …
WHO is a specialised agency of UN. It is concerned with international public health. It acts as coordinating authority on international public health. Established in 1948 It succeeded the Health Organization, which was an agency of the League of Nations. HQ : Geneva, Switzerland India is a founder member of WHO. It is a member …
World Intellectual Property Organisation (WIPO): It is the global body for promotion and protection of intellectual property rights (IPR). It is one of the 17 specialized agencies of the United Nations. Created in 1967 Aims to encourage creative activity, to promote the protection of intellectual property throughout the world HQ : Geneva, Switzerland India is …
Located in Paris Autonomous intergovernmental organization under OECD framework. Established in 1974 in the wake of the 1973 oil crisis. The IEA was initially dedicated to responding to physical disruptions in the supply of oil, as well as serving as an information source on statistics about the international oil market and other energy sectors. The IEA acts as a …
Financial Action Task Force(FATF): It is an inter‐governmental policy making body. It aims to establish international standards for combating money laundering and terrorist financing. It was established in 1989 during the G7 Summit in Paris (France) to combat the growing problem of money laundering. It comprises over 39 countries. India is a member FATF Secretariat …