International Financial Institutions
International Financial Institutions (IFIs) are organizations that provide financial support and advice to countries for development projects and economic stability. They aim to reduce poverty, promote sustainable development, and foster economic growth. Examples of IFIs include the World Bank, the International Monetary Fund (IMF), and regional development banks.
These institutions offer loans, grants, and technical assistance to governments and private sectors. They also help countries implement economic reforms and improve their financial systems. By facilitating international cooperation, IFIs play a crucial role in addressing global economic challenges and promoting financial stability worldwide.