Ms. Dilek Aykut, Economist, International Finance Team, World Bank

Haiti requires resolute support from the United Nations, the donor community and the international financial institutions.

International financial institutions

International Information Sharing The international financial system is seamless it allows no borders.

The international community, particularly the developed countries and international financial institutions (IFIs), should pave a smooth and efficient path to facilitate the integration of economies in transition into the world economy.

International financial services

III. INTERNATIONAL FINANCIAL INSTITUTIONS 56 63 12

In 1944, the Bretton Woods Conference agreed to set up two international financial institutions the International Monetary Fund (IMF) and the World Bank.

F. International business and finance

The remaining 145 odd countries, held a very low share of total world reserves and had little access to private international financing.

Training MFIs in on how to mobilize funds on the international financial market

(c) International commercial and finance law.

International Financial System and Development

(e) The role of international financial institutions

International financial and trade institutions

International financial institutions and assistance

International trade and financial markets

6. We call on the international financial institutions to become involved more quickly and effectively in solving the international financial crisis

For some categories of risks, such as political risks, the project may require guarantees provided by international financial institutions, such as the World Bank or the International Financial Corporation, or by export credit agencies.

(b) International financial system and development

(b) International financial system and development

Role of international financial institutions

Constant monitoring by worldwide international, subregional and local agencies (IMF, World Bank, Caribbean Financial Action Task Force (CFATF)) of efforts to combat money laundering.

Recognizing the weaknesses and the need to improve international financial architecture to enable it to deal with the new challenges of global financial integration,

In order to make the world less prone to financial crises, the Fund s surveillance had to become more effective and the transparency of international finance had to be enhanced.

The West got together the Bretton Woods Institution, World Bank, International Monetary Fund the problem solved.

57 241. International financial system and development

58 202. International financial system and development

59 222. International financial system and development

60 186. International financial system and development

61 187. International financial system and development

62 185. International financial system and development

(b) International financial system and development (continued)

(a) International financial system and development (continued)

Improving governance of the international financial system

International financial system and development

5. Lenders and international financial institutions

Lenders and international financial institutions 19 21 6

3. Lenders and international financial institutions

Appreciates the contributions and efforts made by the various fora such as the G 7, APEC, ASEAN, the G 15, the G 20 as well as the international financial and regulatory bodies such as the IMF, World Bank, the Bank of International Settlements (BIS) and the International Organization of Securities Commissions (IOSCO) to strengthen the international financial architecture.

An example of such cooperation is the Egmont Group of Financial Intelligence Units, an international organization set up to facilitate international cooperation among financial intelligence units around the world.

The International Finance Corporation (IFC) a member of the World Bank Group, is the world apos s largest multilateral source of financing for private enterprises in emerging economies.

The ongoing surveillance of the international financial sector by the World Bank and IMF was extremely important in establishing an early warning system against financial crises.

The present international financial and monetary system

3. International financial cooperation for development