different IGOs

Question 1

whats the IMF

Answer 1

-based in washington
-channels loans from rich countries to those that apply for help
-recipients must agree to run free market economy open to outside investment
-USA has significant influence

Question 2

whats the WTO

Answer 2

-based in Switzerland
-advocated free trade liberalisation
-e.g. China persuaded to lift export restrictions on “rare earth” minerals in 2014

Question 3

whats the world bank

Answer 3

-based in washington
-lends money on global scale
-All presidents have been American

Question 4

example of world bank

Answer 4

-in 2014, 470 million loan granted to phillipines for a povery reduction programme

Question 5

what is world economic forum

Answer 5

-swiss non profit organisation promoting globalisation and free trade
-annual meeting at Davos
-brings together global business and political elite

Question 6

what is the OECD

Answer 6

-based in Paris
-founded in 1961
-main function is to analyse economic development in order to forecast and research economic development issues
-stimulate economic progress and world trade
-committed to democracy

Question 7

who are the members of the OECD countries

Answer 7

-35 members
-all HICs

Question 8

what is the United nations

Answer 8

-based in NY
-founded to prevent war and arbitrate on international disputes
-aims to achieve international cooperation in solving international problems of economic, social, cultural or humanitarian character

Question 9

how many members of the united nations

Answer 9

193

Question 10

whats the new development bank

Answer 10

-based in shangai
-provides loans to support projects that are socially, environmentally and economically sustainable

Question 11

how many founding members of the new development bank

Answer 11

-5 founding members
-established in 2014

Question 12

what is NATO

Answer 12

-based in Brussels
-founded in 1949
-military alliance between European countries and the USA
-31 members

Question 13

whats the ICJ

Answer 13

-based in Hague
-Primary judicial branch of the UN
-court settling legal disputes submitted to it by states and provides advisory opinions on legal questions
-15 judges elected on 9 yr terms by UN security council