WTO was established on 01.01.1995, continuation and expansion of the scope of international trade regulation of precursor organization, GATT - General Agreement on Tariffs Trade. GATT was born after World War II, when the movement formed a series of multilateral mechanisms regulating the activities of international economic cooperation taking place lively, typically International Bank for Reconstruction and Development, commonly known as the World Bank (World Bank) and the International Monetary Fund (IMF) today. The World Bank (WB) was founded in 1944, headquartered in Washington; DC WB has more than 9000 employees working in over 100 offices worldwide. WB is an international organization composed of 5 agencies operate relatively independently of each other, including: (i) the International Development Association (IDA), (ii) the International Bank for Reconstruction and Development (IBRD ), (iii) the International Finance Corporation (IFC), (iv) Agency Multilateral Investment Guarantee (MIGA), and (v) the International Centre for Investment disputes processor (ICSID). However, the World Bank said the two organizations are said to IBRD and IDA. Each organization has distinct roles in the struggle to reduce poverty and improve living standards of people in developing countries. IMF was formally established in 1945 with the credo promote international monetary cooperation, enhance foreign exchange stability, promote economic growth, and provide temporary financial assistance to member countries to To mitigate the imbalance in the balance of international payments. Total membership of the IMF's 187 countries to date. The member countries have the largest stake in the IMF is now the United States, Japan, Germany, Britain and France. The three main functions of the IMF, including: (i) supervising the global financial economy of the country as well as members and advises member countries on economic policies, (ii) Provide financial...
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