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The Roles of International Financial Institutions

Would you please define the roles of international financial institutions (e.g. IMF, World Bank, ADB, etc.) and explain how they are used in global financing operations as well as describe their importance in managing risks.

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Would you please define the roles of international financial institutions (e.g. IMF, World Bank, ADB, etc.) and explain how they are used in global financing operations as well as describe their importance in managing risks.

The creation of the international financial institutions (IFIs) has played an important role in the transformation of the global economy. It has helped globalization progress a great deal and this implies that foreign trade and private capital plays greater role in economic development than before. Another one is the poor performance of statistics models of development which were popular in the past has led to a re-examination of the state and this caused a motivated strong shift towards private, market-based approaches. ...

Solution Summary

The solution discusses how the creation of international financial institutions (IFIs) has helped transform the global economy. The objectives and the roles of the IFIs as a whole are also explained. References included.

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