What are some of the major objectives of the international monetary fund (imf), world bank, bank for international settlements (bis), and world trade organization (wto)? how are the four agencies involved in international monetary financial transactions and international trade?

The correct answer to this open question is the following.

Established in 1945, the International Monetary Fund (IMF) has 189 members and is objective is to ensure balance and stability in the international monetary system. It promotes foreign trade

World Bank, and helps countries to fix their economic problems.

The Bank for International Settlements (BIS), organizes and oversees the operation of central banks in many countries with the goal of maintaining financial health and positive worldwide cooperation. It was founded in 1965 in Basel, Switzerland.

The World Trade Organization (WTO) started in 1995 when it replaced the General Agreement on Tariffs and Traded. It has 165 countries affiliated and its main purpose is to promote trade between the nations. In the case there would be some trade disputes, the WTO helps both countries involved in resolving their issues.

The World Bank, sometimes in combination with the IMF, supports the economies of third world countries or developing countries by providing money and financial assistance to these economies in order to overcome poverty.

The four agencies are involved in international monetary and financial stability and international trade. They try to help and promote fair trade between their members, overseeing the systems, procedures, relationships and healthy financial systems of the countries involved in trade transactions, maintaining healthy financial and monetary systems worldwide.

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