Multilateral institutions are organizations formed by three or more countries to address common challenges and promote cooperation on global issues. Examples include the United Nations, World Bank, and World Trade Organization. These institutions facilitate dialogue, provide financial assistance, and establish international norms and standards. These organizations play a crucial role in fostering peace, economic development, and environmental sustainability. By bringing together diverse nations, multilateral institutions help coordinate responses to global problems such as climate change, poverty, and conflict resolution, ensuring that multiple perspectives are considered in decision-making processes.