Market is not only economic regulation.within one taken state. The whole world has close cooperation in political, social, economic and other spheres of life. Currency and credit relations between countries are the most difficult side of the world market. They cover the development problems of the entire world community and of each individual country. With the development of market relations, cash flows between countries are increasing. The basis of these relations are international financial organizations.
They are formed by agreement between the countries.The purpose of such institutions is to control and regulate economic, and especially financial transactions between individual states. There are major world international financial institutions.
Began international financial relations withthe emergence of a bank for international payments. It happened in 1930 in Basel. At the head of this action were the banks of Italy, England, Japan, Belgium, Germany and several large US banks. The purpose of such a bank was the simplification of settlements with Germany on military debt and further financial cooperation between the countries.
Начиная с 1979 года, этот банк стал посредником between countries within the European Monetary System. It simplifies the calculations associated with the sale of coal and steel. About 30 countries in the European Region use the services of this bank.
Международный валютный фонд, это одна из главных organizations of this category. It is directly related to the activities of the UN. The foundation was organized in 1944, but it began its activity only in 1947. The office of the foundation is located in Washington, but it also has a branch in Paris.
The IMF is divided into five branches: Europe, Asia, Africa, the East and the Western Hemisphere.
Like all numerous international financialorganization, it contributes to improving trade between countries, the establishment of monetary relations, regulates exchange rates and controls the entire network of financial transactions. In addition, the fund is engaged in the allocation of funds to individual states in order to balance their solvency.
Финансовая система МВФ строится на денежных contributions that countries make it. They depend on the degree of development of the market and the economy of these states. Representatives from each country, who every year gather to solve problems and problems, manage the fund’s activities.
But these are not the only international monetary organizations.
Another bank for reconstruction and developmentinternationally organized at the UN and assists countries in economic development. It provides loans and loans to countries in need. Revenues of the bank are loans using bonds and equity.
As auxiliary institutions createdThe following international financial institutions are world-class: an international-level financial corporation, a development association, and an investment guarantee agency. All of them help the work of the IBRD.
The European Union also has its own international financial organizations of this level.
These include the European Investment Bank, which provides loans to countries with a backward economy, aimed at the development of the structure of production and development of the state.
The European Monetary Cooperation Fund provides loans to countries that are members of the European Union for currency transactions.
The European Bank for Reconstruction and Development provides assistance in conducting reforms in European countries that are aimed at developing market relations.
As you can see, the activities of financial organizationsThis level is aimed at promoting and developing the economies of all participating countries. The activities of various countries in the world market is inextricably linked. Therefore, it is very important to maintain an optimal global balance in the financial world market.
