Multilateral Organizations: UN, IMF, World Bank, WTO

Multilateral Organizations

United Nations (UN)

• Established in 1945 to promote peace, security, and cooperation among nations
• Headquarters: New York City, USA
• 193 member states
• Key objectives:
  • Maintaining international peace and security
  • Promoting sustainable development
  • Protecting human rights
  • Delivering humanitarian aid
• Main organs:
  • General Assembly
  • Security Council
  • Economic and Social Council (ECOSOC)
  • Secretariat
  • International Court of Justice

International Monetary Fund (IMF)

• Established in 1944 to promote international monetary cooperation and exchange rate stability
• Headquarters: Washington, D.C., USA
• 189 member countries
• Key objectives:
  • Promoting international monetary cooperation
  • Exchange rate stability
  • Facilitating international trade
  • Reducing poverty and inequality
• Main functions:
  • Surveillance of member countries' economies
  • Providing financial assistance to member countries
  • Capacity building and technical assistance

World Bank

• Established in 1944 to reduce poverty and promote economic development
• Headquarters: Washington, D.C., USA
• 189 member countries
• Key objectives:
  • Reducing poverty and promoting economic growth
  • Improving living standards
  • Promoting sustainable development
  • Enhancing human development
• Main functions:
  • Providing loans and credits to member countries
  • Offering technical assistance and advisory services
  • Conducting research and analysis on development issues

Organización Mundial de Comercio (WTO)

• Established in 1995 to promote free trade and cooperation among nations
• Headquarters: Geneva, Switzerland
• 164 member countries
• Key objectives:
  • Promoting free trade and economic cooperation
  • Reducing trade barriers and tariffs
  • Establishing rules and standards for international trade
  • Resolving trade disputes
• Main functions:
  • Negotiating and implementing trade agreements
  • Providing a platform for trade negotiations and dispute resolution
  • Conducting research and analysis on trade issues

Quiz about the main objectives, functions, and features of the United Nations, International Monetary Fund, World Bank, and World Trade Organization. Test your knowledge about these international organizations!