Sunday, May 10, 2015

Show me the money.

The International Monetary Fund (IMF) is an organization of 188 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
Created in 1945, the IMF is governed by and accountable to the 188 countries that make up its near-global membership.

Ms. Christine Lagarde is the Managing Director of the IMF. (click here)

She is considered the fifth most powerful woman in the world by Forbes. (click here)

 
The USA is the largest shareholder of the World Bank. The current President is Jim Yong Kim. (click here) The primary purpose of The World Bank is to vanquish poverty in the world.

The World Bank President oversees the general management of the bank and chairs the meetings of the Board of Directors.

Managing Director and Chief Operating Officer (click here) of the World Bank. She is considered 38th most powerful women in the world by Forbes. (click here)

The World Bank Group has set two goals for the world to achieve by 2030:

- End extreme poverty by decreasing the percentage of people living on less than $1.25 a day to no more than 3%

- Promote shared prosperity by fostering the income growth of the bottom 40% for every country
The World Bank is a vital source of financial and technical assistance to developing countries around the world. We are not a bank in the ordinary sense but a unique partnership to reduce poverty and support development. The World Bank Group comprises five institutions managed by their member countries.

Established in 1944, the World Bank Group is headquartered in Washington, D.C. We have more than 10,000 employees in more than 120 offices worldwide.

The ten largest banks in the world (click here).

They count their assets in $ trillions, not $ billions or $ millions. There re three Chinese banks among the top ten.

The world may be shrinking, but the banks that are an intricate part of our global economy sure aren't. Backlash from the financial crisis hasn't put a dent in the world's largest banks, which combined have eye-popping assets of about $25.5 trillion. Most of the world's largest banks are outside of the U.S., but there is one American-based bank that made it onto this year's list from Relbanks.com. See which one it was.