International Financial Institutions: An Overview

International Financial Institution play important role for Economic Development of nay country. An international financial institution (IFI) is a financial institution, established by more than one country subject to international law. The most prominent IFIs are creations of multiple nations, although some bilateral financial institutions (created by two countries) exist and are technically IFIs. The best known IFIs were established after World War II for assisting, reconstruction of Europe and provide mechanisms for international cooperation and also maintain stability in global financial system.