CHAPTER 5: INTERNATIONAL FINANCIAL INSTITUTIONS AND GLOBAL CORPORATION
A BANK or anything CONCERNS in MONEY and FINANCE
Financial institutions
INFLUENCE greatly to the DEVELOPMENT THINKING and PRACTICE in RECENT DECADES. The paramount / IMPORTANT INFLUENCES was the direct EFFORT of VOLUME FINANCIAL transfer and the indirect IMPACT on the RESOURCE TRANSFER of others, including donors and the private sector
International financial institutions (IFIs)
REFER to the WORLD BANK and the International Monetary Fund (IMF), which were ESTABLISHED during the United Nations Monetary and Financial Conference held in Bretton Woods, New Hampshire, in 1944.
Bretton woods institutions
What are the TWO types of INTERNATIONAL FINANCIAL INSTITUTIONS ?
International Monetary Fund (IMF) and World Bank (WB)
It is responsible for LOANS and FINANCE etc.
International financial institutions (IFIs)
are ORGANIZATIONS that facilitate international MONETARY COOPERATION and provide financial assistance, policy advice, and technical expertise to member countries. These institutions play a crucial role in promoting economic stability, development, and poverty reduction worldwide.
International financial institutions (IFIs)
is tasked with MAINTAINING the STABILITY of the INTERNATIONAL MONETARY SYSTEM. it is also OFFERS POLICY ADVICE and TECHNICAL ASSISTANCE to help countries implement sound economic policies.
International Monetary Fund (IMF)
it PROVIDES SHORT-TERM FINANCIAL ASSISTANCE to member countries facing balance of payments problems.
International Monetary Fund (IMF)
focuses on LONG-TERM ECONOMIC DEVELOPMENT and POVERTY REDUCTION in developing countries.
Wolrd Bank (WB)
It provides loans, grants, and technical assistance to support projects and programs aimed at improving infrastructure, healthcare, education, and other aspects of development.
World Bank (WB)
They give ADVICES they tell us what to do. They HELP and ASSIST COUNTRIES
International Monetary Fund (IMF)
This was established in 1944 during the WORLD WAR II is NEAR to END.
World bank (WB)
The fornmer name of "WORLD BANK"
International Financial Institutions for Reconstuction and Development (IBRD)
it was ESTABLISHED by UNITED NATION but it's NOT PART of the SECURITY COUNCIL of USA. Instead, they are INDEPENDENT ORGANIZATION
World Bank (WB)
What are the FIVE CONSISTENT INSTITUTIONS?
IBRD, IDA, IFC, MIGA, ICSID
it provides LOANS, MARKET RATE, and CREDIT WORTHY
International Bank for Reconstruction and Development (IBRD)
The ______ provides LOANS and FINANCIAL assistance to MIDDLE-INCOME and CREDITWORTHY LOW-INCOME countries for development projects. It focuses on INFASTRUCTURE ENVIRONMENTAL SUSTAINABILITY, and ECONOMIC DEVELOPMENT
International Bank for Reconstruction and Development (IBRD)
LONG TERM, INTEREST FREE. The FUND of ________ is from DEVELOPED COUNTRIES
International Development Association (IDA)
The _________ provides CONCESSIONAL LOANS (LONG GRACE PERIOD) and GRANDS to the world's POOREST COUNTRIES. It aims to reduce poverty by financing projects that improve access to essential services, infrastructure, and economic opportunities.
International Development Association (IDA)
operating in partnership with a PRIVATE INVESTORS/ENTITIES (an individual that is wealthy). provides loan and LOANS GUARANTEES and EQUITY financing to business undertakings in developing countries. the FUND of _____ is from private entities
International Finance Corporation (IFC):
provides LOAN GUARANTEES and INSURANCE to FOREIGN INVESTORS againts loss caused by non-commercial risks in developing countries. Anything will be INTERESTED WITHOUT INSURANCE will be in VAIN
Ex: landbank
Multilateral Investment Guarantee Agency (MIGA)
The _____ which OPERATES INDEPENDENTLY of the IBRD, is responsible for the settlement by CONCILIATION or ARBITRATION of investments disputes between FOREIGN INVESTORS and their HOST DEVELOPING COUNTRIES
International Centre for Settlement of Investment Disputes (ICSID):
provides ARBITRATION and CONCILIATION SERVICES for RESOLVING international investment disputes between FOREIGN INVESTORS and HOST COUNTRIES. It aims to promote investment stability and confidence by offering a neutral forum for dispute resolution.
International Centre for Settlement of Investment Disputes (ICSID):
Who are the P5 MEMBER COUNTRIES?
United states, United Kingdom, France, Russia, China
The "________" typically refers to the FIVE PERMANENT MEMBERS of UNITED NATIONS SECURITY COUNCILS
P5 countries
who is the MINISTER of WORLD BANK?
Example in the philippines: Banko Central Ng Pilipinas
Finance minister or Central bank goverment
Who is the TAGAPANGASIWA of BANKO CENTRAL?
Felipe M. Medalla
The Banko Central ng Pilipinas have 25 ministers. ONCE ORGANIZED and BEST FINANCE from the time of ______\
Benjamin Diokno
INSTITUTIONS or BUSINESS that do not operate only in one country or not only domestically they areBOTH OPERATING WORLDWIDE or OVERSEAS
Global Company/Corporation and Multinational Company/Corporation
A company that RETAIN the CULTURE of the PRODUCT and SERVICES WITHOUT CHANGING IT. A _____ ______ can be a multinational corporation. example: jollibee
Global corporation
MODIFY (minor change to product) CULTURES for the HOST COUNTRY. and ADAPT the CULTURE of the HOST COUNTRY
Example: Jollibee in UAE they do not have pork unlike here in the philippines because in their country have many muslims
Multinational corporation
is under colonization of GREAT BRITAIN
Right handed drive
is under colonization of UNITED KINGDOM
left handed drive
What are the THREE CHANNELS of DEVELOPMENT ASSISTANCE
Government and related aid agencies, Multilateral development bank (MDB), Bilateral development finance institutions (DFIs)
Their are AGENCIES of GOVERMENT who assisting FINANCIAL
Example: GSIS they HELPING and give ASSISTANCE in ther MEMBERS
Goverment and related aid agencies
this is the banks what we have.
Multilateral development bank (MDB)
This is the PUBLIC SECTOR arms, like the WORLD BANK and the PUBLIC ARMS of the regional development banks which provide DEVELOPMENT LOANS and some GRANTS to the public sector, sometimes including STATE-OWNED ENTERPRISES
Multilateral development bank (MDB)
it is the PRIVATE SECTOR ARMS of the MULTILATERAL DEVELOPMENT BANKS, which provide FINANCIAL PRODUCTS and related ADVISORY SERVICES to the private sector in developing countries
Bilateral development finance institutions (DFIs)
are PRIVATE ENTITIES has OWN BANKING INSTITUTIONS. this will give money with CONTRACT
Bilateral development finance institutions (DFIs)
refers to the UNEQUAL DISTRIBUTION of wealth, power, prestige, resources, and influence among the world's nations. Put more simply, there is an extreme DIFFERENCE between the richest and poorest nations
Global stratification