Question

What is the role of IFC, IMF and NBER in Global Market. Please explain it in detail, I don't get it.

Answer 1

IFC is the International Finance Corporation and its role in the global market is to provide a fillip to private sector development in developing economies and countries. IFC ensures the development of private sector by providing services like investment services, advisory services and asset-management services. IFC has expertise in different industries like health and education, infrastructure, manufacturing, oil and gas, telecommunications, tourism etc. The organization helps in unlocking private investment and creates markets and opportunities in an optimal manner.

IMF or the International Monetary Fund’s role in the global market is to ensure and sustain monetary cooperation on a global basis, ensure financial stability of different economies, ensure that the level of international trade is optimal as well as sustainable for the long term, and that employment growth and economic growth are taking place in a sustainable manner. IMF oversees the monetary and financial system on an international basis and this is done to ensure orderly economic growth on a global basis. IMF also provides loans and financial resources to ailing economies and countries and helps in correcting them their macroeconomic imbalances.

NBER or the National Bureau of Economic Research’s role in the global market is to ensure that unbiased economic research is available to important stakeholders and decision makers like public policymakers, and business managers and professionals. By providing unbiased economic research to decision makers NBER ensures that financial and economic decisions being taken are optimal. NBER provides economic research on a wide array of topics like asset pricing, corporate finance, development economies, insurance, innovation policy, monetary economics etc.