what are two most important financial agencies of the united nations ?describe the compostion and functioning of these agencies?
Answers
Answer:
organizations working with the United Nations and each other through the co-ordinating machinery of the United Nations Economic and Social Council at the intergovernmental level, and through the Chief Executives Board for co-ordination (CEB) at the inter-secretariat level.[1] Specialized agencies may or may not have been originally created by the United Nations, but they are incorporated into the United Nations System by the United Nations Economic and Social Council acting under Articles 57 and 63 of the United Nations Charter. At present the UN has in total 15 specialized agencies that carry out various functions on behalf of the UN. The specialized agencies are listed below.
Answer:
The two most important financial agencies of the United Nations are :
i) International Bank for Reconstruction and Development (IBRD)
ii) World Bank and the International Monetary Fund (IMF)
Composition and functioning - these are also called the Bretton Words institution as these agencies came into being in December 1945 at the Bretton Woods Confrence hold in New Hampshire, USA. IMF provide temporary funds to aid governments in correcting balance of payment deficits.
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