difference between trading organisations and banking organisations
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Answer:
The World Bank is an international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital Projects. It comprises two institutions namely International Bank for Reconstruction and development(IBRD) and International development Association (IDA) . It came into being in July 1944. IBRD has 189 members and IDA has 173 members. Its most recent stated goal is the reduction of poverty. The world Bank Group consist of 5 international organisations namely, IBRD. IDA, International Finance Corporation (IFC), Multilateral Investment Guarantee agency(MIGA) and International Centre for Settlement of Investment Dispute(ICSID)
International Monetary Fund is an international organisation headquartered in Washington DC consisting of 189 members working to foster global monetary co operation, secure financial stability, facilitate international trade promote high employment, and sustainable economic growth and reduce poverty around the world while periodically depending on world bank fund. It was formed in 1944 but came into existence in 1945. Now it plays a central role in the management of balance of payment difficulties and international financial crisis.
The World Trade Organisation is an intergovernmental organisation that is concerned with the regulation of International trade between nations. It commenced on 1st January 1995 under the Marrakesh agreement signed by 123 nations on 15th April 1994, replacing General Agreement on Tariff and Trade which commenced in 1948.
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the organisation made of trade are called trading organization.
the organisation made for money currency loan are called bank organization..
the trade gets only money but bank organization gives loan to people.. helps people. mainly famrers by providing loans at lower interest....
trade organisations only increase organization and export and import goods
.. but bank organization also increase employment and exchange foreign money also........ some trade organisations are private... similarly some bank organization are also private. ... ... trade organisations requires people to move from one place to other place ... but in bank organization the people or officers sit at place and helps people...
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