World Bank and the International Monetary Fund
INTERNATIONAL FINANCIAL MANAGEMENT
Undertaken at
“TECNIA INSTITUTE OF ADVANCED STUDIES”
Submitted in the partial fulfillment for the award of the degree of
MASTER OF BUSINESS ADMINISTRATION
Under the Supervision Submitted by and Guidance of RAMAN KUMAR
Ms. Sakshi Goel 05117003910
(Lecturer IFM) MBA- 3rd Sem
SESSION: 2010 - 2012
TECNIA INSTITUTE OF ADVANCED STUDIES
(Approved by AICTE, Ministry of HRD, Govt. of India)
Affiliated To Guru Gobind Singh Indraprastha University, Delhi
INSTITUTIONAL AREA, MADHUBAN CHOWK, ROHINI, DELHI- 110085
E-Mail:director@tecniaindia.org, Website: www.tecniaindia.org
Fax No: 27555120, Tel: 27555121-24
Ques 1) Bring out the similarities and dissimilarities in the financing facilities at IMF and World Bank. Discuss how the two institutions help in the development of developing countries?
World Bank and IMF
* The World Bank and the IMF are twin pillars supporting the world's economic and financial structure. The World Bank is an investment bank owned by its member nations. The IMF functions more like a credit union whose members can draw from a common pool of funds to assist in emergencies. As of Aug. 31, 2010, its biggest borrowers were Romania, Ukraine and Hungary.
1944--1969
* From July 1 to 22, 1944, the IMF and World Bank Articles of Agreement were formulated at the International Monetary and Financial Conference in Bretton Woods, New Hampshire. On May 8, 1947, France became the first nation to borrow from the IMF. On Sept. 29, 1967, the IMF board approved a plan to establish special drawing rights (SDRs), which are international reserve assets used by member countries to supplement their foreign exchange reserves.
1970--1985
* On Aug. 15, 1971, the U.S. stopped using the gold standard to settle
Undertaken at
“TECNIA INSTITUTE OF ADVANCED STUDIES”
Submitted in the partial fulfillment for the award of the degree of
MASTER OF BUSINESS ADMINISTRATION
Under the Supervision Submitted by and Guidance of RAMAN KUMAR
Ms. Sakshi Goel 05117003910
(Lecturer IFM) MBA- 3rd Sem
SESSION: 2010 - 2012
TECNIA INSTITUTE OF ADVANCED STUDIES
(Approved by AICTE, Ministry of HRD, Govt. of India)
Affiliated To Guru Gobind Singh Indraprastha University, Delhi
INSTITUTIONAL AREA, MADHUBAN CHOWK, ROHINI, DELHI- 110085
E-Mail:director@tecniaindia.org, Website: www.tecniaindia.org
Fax No: 27555120, Tel: 27555121-24
Ques 1) Bring out the similarities and dissimilarities in the financing facilities at IMF and World Bank. Discuss how the two institutions help in the development of developing countries?
World Bank and IMF
* The World Bank and the IMF are twin pillars supporting the world's economic and financial structure. The World Bank is an investment bank owned by its member nations. The IMF functions more like a credit union whose members can draw from a common pool of funds to assist in emergencies. As of Aug. 31, 2010, its biggest borrowers were Romania, Ukraine and Hungary.
1944--1969
* From July 1 to 22, 1944, the IMF and World Bank Articles of Agreement were formulated at the International Monetary and Financial Conference in Bretton Woods, New Hampshire. On May 8, 1947, France became the first nation to borrow from the IMF. On Sept. 29, 1967, the IMF board approved a plan to establish special drawing rights (SDRs), which are international reserve assets used by member countries to supplement their foreign exchange reserves.
1970--1985
* On Aug. 15, 1971, the U.S. stopped using the gold standard to settle