Work-Banks

Topics: World Bank, International Monetary Fund, Poverty Pages: 4 (809 words) Published: April 9, 2013
INTER-AMERICAN DEVELOPMENT BANK
The Inter-American Development Bank (IADB or IDB or BID) is the largest source of development financing for Latin America and the Caribbean

MEMBERS
The Bank is owned by 48 sovereign states, which are its shareholders and members. Only the 26 borrowing countries are able to receive loans.

BORROWING COUNTRIES
Argentina, Bahamas, Barbados, Belize, Bolivia, Brazil,
Chile,
Columbia Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Paraguay, Peru, Suriname, Trinidad and Tobago, Uruguay, Venezuela

NON BORROWING COUNTRIES
Austria, Belgium, Canada, China, Croatia, Denmark, Finland, France, Germany, Israel, Italy, Japan, The Netherlands, Norway, Portugal, Republic of Korea, Slovenia, Spain, Sweden, Switzerland, United Kingdom, United States

PROJECTS
EDUCATION
POVERTY REDUCTION
SUSTAINABLE ENERGY AND CLIMATE CHANGE
WATER AND SANITATION
INFRASTRUCTURE

INTERNATIONAL MONETARY FUND

The International Monetary Fund is an organization of 185 countries which foster global monetary co-operation. Secure financial stability, facilitate international trade, promote high employment, sustainable economic growth and reduce poverty round the world.

Functions of the IMF
Monitors economy and financial development of countries
Lends to countries with balance of payment difficulties
Provide financial (temporary ) assistance
Helps to correct underlying problems experienced by some countries •Provide loans to low-income countries aim at reducing poverty • Provides technical assistance and training in areas of expertise • Provides advice on how to correct balance of payments and restore conditions for economic growth. Countries have to put policies in place to correct problems

WORLD BANK
The World Bank is a source of financial and technical assistance to developing countries around the world. It is owned by...
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