Global Finance
Abbreviations · वैश्विक वित्त
📋Quick Overview
Global financial institutions like IMF, World Bank, ADB, AIIB, NDB are frequently asked in competitive exams. Their full forms, headquarters, member countries, and functions are key exam topics.
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IMF = International Monetary Fund, HQ: Washington DC, est. 1944 (Bretton Woods). World Bank HQ is also in Washington DC.
📖Global Financial Institutions
| Abbreviation | Full Form | HQ | Est. |
|---|---|---|---|
| IMF | International Monetary Fund | Washington DC, USA | 1944 |
| World Bank/IBRD | International Bank for Reconstruction & Development | Washington DC, USA | 1944 |
| IDA | International Development Association | Washington DC, USA | 1960 |
| IFC | International Finance Corporation | Washington DC, USA | 1956 |
| ADB | Asian Development Bank | Manila, Philippines | 1966 |
| AIIB | Asian Infrastructure Investment Bank | Beijing, China | 2016 |
| NDB | New Development Bank (BRICS Bank) | Shanghai, China | 2015 |
| BIS | Bank for International Settlements | Basel, Switzerland | 1930 |
| EBRD | European Bank for Reconstruction & Development | London, UK | 1991 |
| AfDB | African Development Bank | Abidjan, Ivory Coast | 1964 |
| SDR | Special Drawing Rights (IMF currency) | IMF's reserve asset | 1969 |
| FATF | Financial Action Task Force | Paris, France | 1989 |
| ECB | European Central Bank | Frankfurt, Germany | 1998 |
| WEF | World Economic Forum | Geneva, Switzerland | 1971 |
| CRA | Contingent Reserve Arrangement (BRICS) | BRICS financial safety net | 2015 |