International Financial Institutions (IFIs


1) IMF (International Monetary Fund)-
FOUNDED YEAR- 1944
HEADQUARTER- Washington, DC
WORK- Specialized agency of the UN

2) IBRD (International Bank for Reconstruction
and Development)
FOUNDED YEAR- 1944
HEADQUARTER- Washington, DC
WORK- World Bank Group

3) IFC (International Finance Corporation)
FOUNDED YEAR- 1956
HEADQUARTER- Washington, DC
WORK- World Bank Group

4) IDA (International Development Association)
FOUNDED YEAR- 1960
HEADQUARTER- Washington, DC
WORK- World Bank Group

5) ICSID (International Centre for Settlement of
Investment Disputes)
FOUNDED YEAR- 1966
HEADQUARTER- Washington, DC
WORK- World Bank Group

6) MIGA (Multilateral Investment Guarantee
Agency)
FOUNDED YEAR- 1988
HEADQUARTER- Washington, DC
WORK- World Bank Group

7) AFDB (African Development Bank)
FOUNDED YEAR- 1964
HEADQUARTER- Abidjan
WORK- Provides development finance on
concessional terms to low-income

8) ADB (Asian Development Bank)
FOUNDED YEAR- 1966
HEADQUARTER- Manila
WORK- The ADB offers “hard" loans” from
ordinary capital resources (OCR) on commercial
terms

9) EBRD (European Bank for Reconstruction and
Development)
FOUNDED YEAR- 1991
HEADQUARTER- London
WORK- To support countries of the former Eastern
Bloc in the process of establishing their private
sectors

10) BIS (Bank of International Settlements)
FOUNDED YEAR- 1930
HEADQUARTER- Basle, Basel
WORK- The bank of all central banks, 60 members

11) EIB (European Investment Bank)
FOUNDED YEAR- 1958
HEADQUARTER- Luxemburg
WORK- Created by European Union member states
to provide long-term finance, mainly in the EU

12) IDB (Islamic Development Bank)
FOUNDED YEAR- 1975
HEADQUARTER- Jeddah, Saudi Arabia
WORK- 56 members, established by the Conference
of Finance Ministers of Muslim Countries held in
Jeddah.

13) SEACEN (South East Asian Central Banks
Centre)
FOUNDED YEAR- 1982
HEADQUARTER- Kuala Lumpur, Malaysia
WORK- 19 Asian central banks

14) ECB (European Central Bank)
FOUNDED YEAR- 1998
HEADQUARTER- Frankfurt am Main
WORK- Central bank of 18 EU countries that have
adopted the euro