Category 6 · International Relations & Places in News
International Financial and Economic Institutions
11 micro topics in International Relations & Places in News for UPSC Prelims, in book order: International Monetary Fund (IMF): Special Drawing Rights, Quota Reforms; World Bank Group: IBRD, IFC, IDA, MIGA; and 9 more.
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6.1
International Monetary Fund (IMF): Special Drawing Rights, Quota Reforms
The International Monetary Fund, IMF, is an international financial institution of 191 member countries, based in Washington, D.C., created at the Bretton Woods conference in July 1944 to promote monetary cooperation, financial stability and balanced trade…
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6.2
World Bank Group: IBRD, IFC, IDA, MIGA
The World Bank Group is a family of five institutions that provide loans, grants and advice to reduce poverty and support development: the International Bank for Reconstruction and Development (IBRD), the International Finance Corporation (IFC), the…
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6.3
World Trade Organization (WTO) and India's Position on Trade Disputes
The World Trade Organization, WTO, is the international body that sets and enforces rules of trade among nations. It was established on 1 January 1995 as the successor to the General Agreement on Tariffs and Trade…
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6.4
Asian Development Bank (ADB)
The Asian Development Bank, ADB, is a regional development bank established in 1966 and headquartered in Manila, Philippines, to promote social and economic development in Asia and the Pacific. It has 69 members, of which 49…
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6.5
Asian Infrastructure Investment Bank (AIIB)
The Asian Infrastructure Investment Bank, AIIB, is a multilateral development bank headquartered in Beijing that finances infrastructure and other productive sectors in Asia and beyond. The idea was announced by China in 2013, the Articles of…
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6.6
New Development Bank (NDB/BRICS Bank)
The New Development Bank, NDB, also called the BRICS Bank, is a multilateral development bank set up by the BRICS countries to mobilise resources for infrastructure and sustainable development projects in emerging markets and developing countries.…
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6.7
African Development Bank
The African Development Bank, AfDB, is a multilateral development finance institution established in 1964 to promote economic development and social progress in Africa. It began operations in 1966 and has its headquarters in Abidjan, Cote d'Ivoire.…
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6.8
Bank for International Settlements (BIS)
The Bank for International Settlements, BIS, is an international financial institution owned by central banks, which serves as a bank for central banks and fosters international monetary and financial cooperation. It was founded on 17 May…
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6.9
Financial Action Task Force (FATF)
The Financial Action Task Force, FATF, is an intergovernmental body that sets international standards to combat money laundering, terrorist financing and the financing of weapons of mass destruction. It was set up in 1989 by the…
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6.10
Organisation for Economic Co-operation and Development (OECD)
The Organisation for Economic Co-operation and Development, OECD, is an intergovernmental organisation of 38 mostly high-income, market economy countries that works on economic policy, standards and data. It was established on 30 September 1961 as the…
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6.11
Organization of the Petroleum Exporting Countries (OPEC) and OPEC+
The Organization of the Petroleum Exporting Countries, OPEC, is a permanent intergovernmental organisation of oil-exporting countries that coordinates petroleum policies to stabilise oil markets. It was founded at Baghdad in September 1960 by Iran, Iraq, Kuwait,…
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Frequently asked questions
Which topics are in International Financial and Economic Institutions?
International Financial and Economic Institutions has 11 micro topics in International Relations & Places in News: International Monetary Fund (IMF): Special Drawing Rights, Quota Reforms; World Bank Group: IBRD, IFC, IDA, MIGA; World Trade Organization (WTO) and India's Position on Trade Disputes; Asian Development Bank (ADB); Asian Infrastructure Investment Bank (AIIB); New Development Bank (NDB/BRICS Bank); African Development Bank; Bank for International Settlements (BIS); Financial Action Task Force (FATF); Organisation for Economic Co-operation and Development (OECD); Organization of the Petroleum Exporting Countries (OPEC) and OPEC+.
Is International Financial and Economic Institutions important for UPSC Prelims?
International Financial and Economic Institutions is a part of the UPSC Prelims International Relations & Places in News syllabus map on MaargX UPSC. Each of its 11 published topics has key terms, a Mains angle and practice questions.