ICSID (INTERNATIONAL CENTER FOR SETTLEMENT OF INVESTMENT DISPUTES) It was established on 18th March 1965. Came into force on 14th Oct 1966 The primary purpose…
MIGA Established to promote foreign direct investment into developing countries by insuring investors against political risk, advising governments on attracting investments and mediating disputes between investors and governments.
IFC offers investment, advisory and asset management services to encourage private sector development in developing countries.
It was established on 24th Sep 1960. IDA provides loans to the member countries and no interest is charged on these long term loans. these soft loans are provided to the poor countries of the world
In accounting an amalgamation, or consolidation, refer to the combination of financial statements. For example, a group of companies reports their financials on a consolidated basis which includes the individual statements of several smaller businesses.
A merger is the voluntary fusion of two companies on broadly equal terms into one new legal entity. The firms that agree to merger are roughly equal in terms of size, customer, scale of operations, etc. for this reason, the term ‘’ merger of equal’’ is sometimes used.
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.
Special drawing rights (SDR) refer to an international type of monetary reserve currency created by the International Monetary Fund (IMF) in 1969 that operates as a supplement to the existing money reserves of member countries.
The international monetary fund (IMF) came into official existence on December 27, 1945, when 29 countries signed its articles of agreement(it’s charter) agreed a conference held in Bretton woods, new Hampshire USA, from July 1-22, 1944. The IMF commenced financial operations on March 1, 1947.
‘’ The world trade organization (WTO) is the only international organization dealing with the global rules of trade between nations.”