There are two main institution,
1: "INTERNATIONAL MONETARY FUND."
HIGHLIGHTS:
Date of establishment December 27,1945
Beginning of Operations May 1946
Registered office Washington
Funds:
May 1946 $ 8.8 billion
January 1961 $14.74 billion
April 1963 $15.23 billion
Annual meeting of the board September each year
Members, 2007 185
Total staff, 2005 2693 from 141 countries
Area department African,Asia and Pacific, Middle
East, Central Asia, Western Hemisphere
Total Credit, April 30,2006 $28.28 billion or SDR 19.227 billion
Total Arrangements, April 30,
2006 between IMF & Members 10 Standby
1 Extend
27 Poverty reduction & Growth
Facility (PRGF)
Value of 38 Arrangements $ 16.642 billion or SDR 11.313 billion
2: "WORLD BANK, INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT(IBRD)".
HIGHLIGHTS:
Date of establishment July, 1944
Date of commencing business June 1946
Head office Washington
Total members 139(in 1982)
146(in 1985)
174(in 1994)
185(in 2007)
Management 1. Board of governors:
Governors and alternate governors
one each from member countries
2. 24 executive directors
Authorized Capital in 1944 $ 10 billion
Authorized Capital in April, 1988 $ 142 billion
Paid up Capital June 30, 2005 $ 11,483 million
Outstanding borrowings in 2005 $ 105.691 billion
Issue of loans 2005 $ 107.549 billion
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