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International financial institution

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Role of International Financial Institution

2:25

International Financial Institution

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Utilizing the International Financial Institutions

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What Are the Different Types of International Financial Institutions

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International Financial Institution

An international financial institution (IFI) is a financial institution that has been established by more than one country, and hence are subjects of international law. Its owners or shareholders are generally national governments, although other international institutions and other organizations occasionally figure as shareholders. The most prominent IFIs are creations of multiple nations, although some bilateral financial institutions exist and are technically IFIs. The best known IFIs were established after World War II to assist in the reconstruction of Europe and provide mechanisms for international cooperation in managing the global financial system.