Ifi Paper

International Financial Institutions, also known as IFIs are financial institutions established in several different countries and are subject to international law. Usually the shareholders are national governments of the countries that the IFI is chartered by. Most IFI’s are multinational although occasionally an IFI is chartered by two countries; however, because it is established by more than one country it is technically an International Financial Institution. The more common International Financial Institutions: World Bank, IMF (International Monetary Fund), and International Finance Corporation were established after World War II to help rebuild European countries. In addition, there are five organizations that make loans to poverty stricken countries; together they are called The World Bank Group (WBG).
As previously mentioned the first International Financial Institutions were created to help countries after World War II; however, as time progressed IFIs aided developing countries enabling the ability to establish a good economic standing.   The role of International Financial Institutions is generally regulated by the international laws because they operate in more than one country around the world. The shareholders or the owners of the International Financial Institutions are national governments of the countries that all come together to agree on how the IFI will operate.
The International Financial Institutions have been caught up in contradictory situations very effortlessly due to an assortment of international laws. It is generally understood that structural and political concerns of the countries cause problems to the expansion of roles of International Financial Institutions. This is caused, for the most part, due to the International Humanitarian Laws. On the other hand, it is also assumed that the roles of International Financial Institutions of the worldwide population help them to have involvement with the enforcement and implementation of... [continues]

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