History of Bank of International Settlements

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The Bank for International Settlements (Bank for International Settlements, BIS) is the oldest international financial institution in the world, having been in operation since 1930.

With its headquarters in Basel, Switzerland, the BIS assists central banks regarding the investment of cash reserves, provides a forum for international monetary cooperation, acting as agent or trustee in the execution of international loan agreements, and engages in extensive economic research.

The BIS is involved in traditional types of investment. Any funds not needed as loans to other central banks are placed in global financial markets. The main forms of investment include commercial bank deposits and purchases of negotiable commercial paper short-term treasury bills including the United States. International cooperation BIS provides a forum for the leaders of certain banks. The representatives of international institutions meet 10 times a year at the BIS to conduct discussions on the current monetary policy.

The governors of central banks from Belgium, France, West Germany, Italy and the United Kingdom and five representatives of finance, industry or commerce, being appointed each by the rulers of the five central banks .

International organization, the BIS performs several functions as depository and a trustee.

Environmental damage and international finance.

Come together around the actions of a major international financial institution, the World Bank (World Bank). Also known under the name International Bank for Reconstruction and Development, the World Bank has been assisting the developing countries since its creation from the Bretton Woods agreement in 1944. Today, World Bank loans amount to a total of $ 24 billion per year. Despite several attempts aimed at incorporating environmental considerations into the policies of World Bank loans, it has been argued that this institution has contributed to environmental and social damage on a massive scale. Because of the financing of dams that have flooded agricultural land premium and ancient villages, and to finance the construction of roads within forests that have been stripped and that once provided access to miners and farmers, the bank has been accused of contributing to extensive destruction of the global environment. In some projects recently evaluated or even met their own goals and environmental performance of the bank.

National governments to take on lending practices and / or business practices greener.

World bank
The World Bank is one of the world's largest organizations, linked with support for the development of peoples. Its primary focus is on helping people in the poorest countries.

Founded: July 1, 1944 at a conference of 44 governments meeting in Bretton Woods, New Hampshire, USA. Headquarters: Washington, D.C. and more than 100 offices worldwide, including 17 in the Latin America and the Caribbean. President Paul Wolfowitz

Membership: 184 countries

The Bank operates as a cooperative where our members are shareholders. The number of shares of a country is based on the size of its economy. The U.S. is the largest shareholder, followed by Japan, Germany, UK and France, the remaining shares are divided among the other members.

The ultimate authority on DECISIONS
Member countries are represented by a Board of Governors, consisting generally of ministers, including finance ministers and development or development.

When they signed the Millennium Declaration at a meeting at the United Nations in 2000, most nations agreed to work together and reduce poverty by half by 2015. The Millennium Development Goals are: • End extreme poverty and hunger.

• Ensure that all children receive primary education.
• Promote equal rights for women and give them the power they need to sustain their own. • Reduce infant mortality rate.
• Improve the health of pregnant women and those who...
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