INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (IBRD)

This agency is also known as World Band was founded at the Bretton Woods Conference of 1944 by the Western powers. This agency provides and facilitates international investment for enhanced production, to raise living standards, investment grants/loan to member states for projects like agriculture, transport, industry, electricity, and communication. It also assesses economic development potentials …

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INTERNATIONAL MONETARY FUND (IMF)

This body was established in 1945 with its headquarters in Washington DC, USA. The following are objectives of IMF: To promote and stabilize international monetary exchange rates. To fix a pattern of exchange rates in ratio to gold, sterling, and United States Dollar. To help expand trade globally by removing exchange restrictions. Offers advice to …

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FOOD AND AGRICULTURAL ORGANIZATION (FAO)

This is one of the UNO’s specialized agencies established in 1965 with its administrative headquarters in Rome. FAO’s main objectives are: To offer advice to countries of the world on the techniques of agriculture, fishery, and forestry. To help secure higher nutritional standards throughout the world. To conserve natural resources. To improve agricultural production, processing, …

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INTERNATIONAL LABOUR ORGANIZATION (ILO)

This body was established in 1919 by the League of Nations and became affiliated to the UNO in 1946 as a specialized agency. The headquarters of this body is also at Geneva. The objectives of ILO are as follows: To improve labour conditions of workers globally To promote the economic and social conditions of workers …

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WORLD HEALTH ORGANIZATION (WHO)

This body was set up in 1948 with its headquarters in Geneva, Switzerland. This body was established for the following reasons: To attain the highest possible level of health for all people of the world. To direct and coordinate international health work. To help eradicate epidemic and endemic diseases To improve nutrition, housing, sanitation, recreation, …

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