IAFF 6101 Lecture Notes - Lecture 10: Pest Control, Bretton Woods System, Multilateral Investment Guarantee Agency
23 Mar 2016
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Document Summary
Evolving aid policies and pracices of ifis: the world bank . The world bank"s governance and structure is just as complex as that of any private irms and the un. There is the board of governors (one representaive for each of 188 member countries) Ibrd = internaional bank for reconstrucion and development (1944) 3: miga = mulilateral investment guarantee agency (1988) Icsid = internaional centre for setlement of investment disputes (1966) this is the most obscure of the 5 agencies, and about a third of the world bank employees would never have heard of this agency. The bank is a cooperaive; it"s not as free-for-all as the un, but there are philosophies that. A broad categorizaion of countries: the donors (mostly large, developed countries) & the borrowers. Shareholders buy into each agency through their donaion in the form of what is called. Subscripions , and these subscripions correlate into a certain voing power.
