FM Sitharaman Urges Reform as Developing Nations Face Global Crisis Fallout
FM Sitharaman addresses global crisis spillovers on developing nations, calling for MDB reforms and coordinated global action.
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An international financial institution (IFI) is a financial institution that has been established by more than one country, and hence is subject to international law. Its owners or shareholders are generally national governments, although other international institutions and other organizations occasionally figure as shareholders. The most prominent IFIs are creations of multiple nations, although some bilateral financial institutions exist and are technically IFIs. The best known IFIs were established after World War II to assist in the reconstruction of Europe and provide mechanisms for international cooperation in managing the global financial system.
FM Sitharaman addresses global crisis spillovers on developing nations, calling for MDB reforms and coordinated global action.
VTechX HubIts owners or shareholders are generally national governments, although other international institutions and other organizations occasionally figure as shareholders.
SourceThe most prominent IFIs are creations of multiple nations, although some bilateral financial institutions exist and are technically IFIs.
SourceAsk VTechX Intelligence about Multilateral Development Banks
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