GLOBAL INSTITUTIONS

WORLD BANK

WHAT IS

The World Bank is an international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.

WHAT DOES IT DO

offers developmental assistance to middle-income and low-income countries.

PROPOUSES

The Bank's stated purpose is to "bridge the economic divide between poor and rich countries.

WHEN WAS IT FUNDED

It was founded July 1944 (76 years ago) by John Maynard Keynes and Harry Dexter White. In Washington, D.C.D

ORIGIN

initial aim was to help rebuild European countries devastated by World War II

WHAT IS?

Organisation for Economic Cooperation and Development

WHAT DOES IT DO?

Helping countries forge a path to a better life while saving billions of dollars for taxpayers and boosting prospects for stronger, fairer and cleaner economies and societies. D

PROPOUSES

• Restore public finances as the foundation for future sustainable economic growth.

• Ensure that people of all ages can develop the skills to work productively and successfully in the jobs of tomorrow.

• Encourage and support new sources of growth through innovation, environmentally friendly 'green growth' strategies and the development of emerging economies.

ORIGIN

Its origin was run the US-financed Marshall Plan for reconstruction of a continent ravaged by war.

WHEN WAS IT FOUNDED?

was established in 1948

WHAT IS?

Is the only global international organization dealing with the rules of trade between nations.

WHAT DOES IT DO?

It operates a system of trade rules

PROPOUSES

Its main function is to ensure that trade flows as smoothly, predictably and freely as possible.

WHEN WAS IT FOUNDED?

was founded on January 1, 1995 in SwitzerlandA

ORIGIN

Under the Marrakesh Agreement, signed by 123 nations on 15 April 1994, replacing the General Agreement on Tariffs and Trade (GATT)

WHAT IS?

The United Nations is an intergovernmental organization that aims to maintain international peace and security

WHAT DOES IT DO?

maintain international peace and security, promote friendly relations between nations,

PROPOUSES

•Maintain international peace and security

ORIGIN

The precursor to the United Nations was the League of Nations, conceived during the First World. The League of Nations was established in 1919 under the Treaty of Versailles

WHEN WAS IT FOUNDED?

The UN was founded on October 24, 1945 in San Francisco, California, United States

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