World Trade Organization (WTO) Officially commenced on 1 January 1995 under the Marrakesh Agreement, replacing the General Agreement on Tariffs and Trade (GATT), which commenced in 1948 An organization that intends to supervise and liberalize international trade…
New Development Bank (BRICS Bank) New Development Bank (BRICS Bank) Agreed in 5th BRICS summit held in Durban, South Africa in 2013 6th BRICS summit held in Fortaleza, Brazil, 2014, signed the document…
World Bank (WB) HQ – Washington Set up in 1944 with a charter to drive post-World War II reconstruction Officially known as IBRD ( International bank for reconstruction and Development)…
International Monetary Fund (IMF) Bretton Woods Bretton Woods is a place in New Hampshire State of USA, just like BASEL is a city in Switzerland In 1944, President Roosevelt hosted…
United Nations Organization (UNO) An intergovernmental organization established on 24 October 1945 to promote international co-operation As a replacement for the ineffective League of Nations, the organization was created following…
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