market - is not only economic regulation within a particular state.The whole world has a close cooperation in the political, social, economic and other spheres of life.Monetary relations between the countries are the most difficult part of the world market.They cover the problems of the entire world community and individual countries.With the development of market relations and increased cash flows between countries.The basis of these relations constitute the international financial institutions.
They are formed by agreement between the two countries.The purpose of these institutions is the control and regulation of economic and especially financial transactions between the individual states.There are also the world's major international financial institutions.
start of the international financial relationships with the emergence of the bank for international settlements.It happened in 1930 in Basel.At the head of this action were the Bank of Italy, England, Japan, Belgium, Germany and several major US banks.The purpose of this bank was to simplify the calculations by Germany on the war debts and future financial cooperation between the two countries.
Since 1979, the bank became a mediator between the countries within the European Monetary System.It simplifies the calculations associated with the operations for the sale of coal and steel.The services of the bank are about 30 countries in the European region.
International Monetary Fund, is one of the main institutions of this category.It has a direct relationship to the activities of the United Nations.The Foundation was established in 1944, but his career began only in 1947.Fund Office is located in Washington, but it has a branch in Paris.
IMF is divided into five sections: Europe, Asia, Africa, Eastern and Western Hemisphere.
As with all of the many international financial organizations, it helps to improve trade between the two countries, the establishment of monetary relations, regulates the rates and controls the entire network of financial transactions.In addition, the Foundation is engaged in the allocation of funds to individual states to balance their solvency.
financial system the IMF is based on cash contributions made by the countries belonging to its members.They depend on the degree of development of the market and the economies of these states.Manage the activities of the fund representatives from each country every year who are going to solve the problems and issues.
But this is not the only international organization valyutnofinansovye.
Another bank of reconstruction and development of international importance organized by the United Nations and assists countries in the development of the economy.It provides loans and credits to States in need.The bank's income up loans with bonds and equity.
as supporting institutions created following the international financial institutions world level: international Finance Corporation, the Association for Development and Investment Guarantee Agency.All of them help the IBRD.
European Union also has its own international financial institutions at this level.
These include the European Investment Bank, which provides loans to countries with a backward economy, to develop the structure of production and development of the state.
European Monetary Cooperation Fund provides loans to countries that are part of the European Union operations with currency.
European Bank for Reconstruction and Development provides assistance for reform in Europe, which are aimed at the development of market relations.
As can be seen, the activities of financial institutions of this level is aimed at promoting and developing the economies of all the countries participating.The activities of the various states in the world market is inextricably linked.Therefore, it is important to maintain an optimal balance in the global financial world market.
