LATEST BUSINESS STUDIES NOTES
International Financial Institutions
​Some of the institutions that play a role in international monetary system include;
International Monetary Fund (I.M.F)
​This bank operates like the central bank of the central banks of the member countries. Its objective includes the following;
African Development Bank (A.D.B)
This bank was formed to promote the economic and social progress of its regional member countries in Africa. It main source of finance is the members’ contributions and the interest charged on the money they lend members.
Its functions include;
African Development Fund (A.D.F)
This was formed to provide long term financial assistance to the low income countries that cannot obtain loan from other financial institutions at the prevailing terms and condition. Their loans may recover a longer repayment periods with no interest except the commitment fees and service charge which is minimal.
They fund activities, which includes;
International Bank for Reconstruction and Development (World Bank)
​The World Bank was formed to carry out the following functions;
Not downloading? Check Pricing
0 Comments
Leave a Reply. |
Business Studies Notes Form 1 - 4
Categories
All
Archives
April 2024
AuthorAtika School Team |
We Would Love to Have You Visit Soon! |
Hours24 HR Service
|
Telephone0728 450425
|
|
8-4-4 materialsLevels
Subjects
|
cbc materialsE.C.D.E
Lower Primary
Upper Primary
Lower Secondary
Upper Secondary
|
teacher support
Other Blogs
|