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The Most Important International Financial Institutions

Multilateral financial institutions were established with two main objectives. On one hand, to coordinate the economic and financial policies of each individual member and to understand one another in these matters. On the other hand, to use public resources in order to help the least developed countries to approach the levels of development of the first world and to offer some help in moments of economic difficulty and financial instability.

“Most international financial institutions are aimed to coordinate the economic policies in different countries as well as to help the least developed countries”

The main international financial institutions are those established at the conference of Bretton Woods in USA in July 1944, as studied in most of the Masters of Science in Finance and Banking.


International Bank for Reconstruction and Development

From Bretton Woods came out the International Bank for Reconstruction and Development, alsoknown as the World Bank and the International Monetary Fund. At the beginning they both had compatible roles, but quite different at the same time. Another common element is that they only dealt directly with the United States, meaning that they didn’t deal directly with the private sector.

Apart from its important work of helping to rebuild the countries that were emerging from World War II, the World Bank was established to help less developed countries boost their economic development. Its work was, and still is, to reach agreements with governments of developing countries to help them design development programs and projects as well as to fund these projects. Some examples of these projects are large infrastructure plans such as electricity, telecommunications, transport, health and so on.

The International Monetary Fund (IMF)

The International Monetary Fund (IMF) was established at the same time as the World Bank, and its aim is to take care of the solvency of finance and accounts of the least developed countries. It is focused much more on liquidity on the short term. This includes helping to finance the balance of payments, imports and exports of countries and the public deficit.

As part of its assistance to overcome liquidity problems, the IMF comes to analyze the economic policies of governments that led them to suffer these difficulties and propose changes to these policies, as a condition of getting the necessary help. They analyze the economic policies in many areas, such as monetary policy, management of interests, the state budget (revenues and expenses) and more.

These conditions are the main reasons why the IMF has been criticized over its history, especially by governments. On the one hand, they saw it as an encroachment on the sovereignty of their country, on the other, it forced them to take some difficult decisions they didn’t want to take. Moreover, the IMF has also been criticized for promoting incorrect economic policies.

“The International Monetary Fund has been heavily criticized for promoting and imposing incorrect policies in the countries that need their help”

International Finance Corporation (IFC)

A few years after Bretton Woods, in 1956 the creation of the International Finance Corporation (IFC)was decided as part of the World Bankwith two important differences. First, investing in business capital, and second, allowing to deal directly with the private sector.The principal work of IFC is to promote private enterprise and business projects through its investment and financial support.

Within the World Bank Group other economic entities were also established, each with different dedication but all with the aim to help the economic development of less developed countries. Some examples are The International Development Association (IDA) aiming to help environmental projects, The Multilateral Investment Guarantee Agency (MIGA) that guarantees foreign investments in less developed countries or The International Centre for Settlement of Investment Disputes (ICSID) that mediates disputes between different participants in business projects.


Make Your Shifting Easier With Professional Packers And Movers

Moving or shifting is always problematic and tiresome irrespective of the distance between the places, which you have to shift. A number of people become anxious while moving their house or office from one place to another. If you have to move your house or office to another place or destination, then it is better to contact a professional packers and movers for executing this task. A professional packers and movers can make your house or office relocation easier and hassle free for you.

Hire full services of packers and movers

If you are planning to move your office or house and have decided to hire the services of a professional packers and movers, then you should consider hiring their full services. Hiring full services of a packing and moving company can be very beneficial for you. If you choose full service, then the packing and moving company will take care of all the things. They will do the packing work, loading the packed goods, transporting it to the required destination, unloading the goods, unpacking them and rearranging them. You won’t have to worry about anything as the packing and moving company will take care of all the things. Since the handling and transporting the goods will not be in your part therefore you will get free time with. You can arrange the new home easily. After knowing all this about packers and movers services, it will not be wrong to say that selecting this service will be a wise decision made by you.

There are a number of packing and moving companies which offer full services. They offer customized service also. If you are in search of a good and reliable packers and movers, then know this fact that locating a good packer and mover is not an easy task. You will have to take a number of things under consideration for finding the best packers and movers. Know this fact that selecting the very first company that you come across or picking a company randomly will not work for you and if you choose an incompetent company than for sure you will jeopardize your goods. For the safety of your goods and timely delivery you should consider hiring the services of a reliable and trustworthy packers and movers.

You can ask for references from the people you know such as your friends, relatives, neighbors and colleagues. It is the best way by which one can locate a good and reliable packing and moving company. You won’t have to waste your valuable time running office to office for gathering information about the service and for talking with the representative of the packing and moving company as you will get all the required information about the company’s reputation and service quality right from the person who has suggested the name of the packing and moving company to you. In case if you fail to retrieve name of any reliable packing and moving company, then you should consider taking the help of the internet for making your search work easier.

Author’s Bio:

Antony has written a number of articles about moving and packing services. currently he is associated with ABS Toronto Movers.

What Do You Know About Your Auto Insurance Policy?

We all have a lot to keep track of today. Many tasks and requirements for just about everything we do from living in a home to driving a car, and let’s not talk about what we have to do for our jobs. Some things may be less important, or be a task or requirement we can let slide a little, but one thing that can’t be ignored is car insurance. Every single state in our country requires drivers to carry a minimum of liability insurance coverage, and to have proof of insurance on their person when driving.

Letting this go – not having insurance at all – is probably the worst thing you could do for yourself and your family. In most cases, the penalties and fines for not having insurance are quite steep – upwards of $200 or more. This is a lot of money to have on hand in case of this happening. It is a lot easier to budget your insurance premium payment on a monthly or quarterly basis.

The types of coverage – and their attendant costs – vary, so let’s take a look at a few that are commonly chosen. There are generally five that show up most often and these include liability, collision, comprehensive, personal injury (full), and one policy for uninsured motorist. The minimum coverage available is liability, and covers the damage to vehicles or property that are the result of an accident. No frills, but it will cover the basics and keep you legal.

Collision insurance will cover what liability does plus the damage to your vehicle from an accident. If you drive a late model car or one that is really expensive to fix, collision insurance might be the lowest level you would want to carry. When you get up to comprehensive insurance, you are then talking about levels of coverage that really stand in for you when things go wrong, and not just in case of an accident. Accident coverage is absolutely covered and you can choose the level of payout available here, but this type of insurance will also cover you if your car is broken into and vandalized or personal property or items from the car are stolen. It also covers the theft of the entire vehicle as well as damage from things other than accidents like what can come from weather issues (think hail, or a tree limb falling) or fire.

If you choose to get personal injury coverage, you will be able to take care of any injuries that affect you or others in an accident – again, the level of coverage with the sliding scale of payout is adjustable here. Lastly, there is uninsured motorist, and this type of additional policy will pay for damage to your car that is caused by a driver who isn’t carrying insurance or is underinsured to the level you need for repairs or replacement. No matter what type of car insurance you choose to get, just make sure you have the legal minimum so you are taking care of business the right way. If you are looking for better auto insurance, contact reputable auto owners insurance companies Chico CA and get free auto insurance quote Chico CA.

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Benefits Of Vinyl Replacement Windows

If you have a desire of enhancing your home’s beauty and value than vinyl replacement windows can be a great way of achieving it. Vinyl windows have a number of advantages over the traditional window options some of which are durability, ease of maintenance, aesthetically appealing and energy efficient. If you have been looking for Atlanta replace windows option than vinyl windows can be a great option for you. If you are thinking that vinyl windows have only the above mentioned benefits than you are wrong.

Every house owner has to face this situation where they have to decide whether they want a window replacement or not. In case if any house owner wants it, then also he has to face problem because of the availability of so many options in the market.

There are a number of reasons because of which a good number of homeowners are now choosing vinyl windows over other alternatives. Some of the benefits which vinyl window offers have been enlisted below:

Energy efficiency

The chemicals which are used for manufacturing vinyl windows makes sure that the window can withstand harsh weather conditions and extreme temperature changes. This is the reason because of which they efficiently provide good insulation, and helping house owners in keeping their house cool during summer and hot during winter. As the corners of the frame of vinyl windows are fusion welded thus chances of air or water infiltration are eliminated.

In some of the vinyl window models inert gas is filled between the glasses. Generally argon is used, this gas between the double paned or triple paned glass reduces heat loss, which increases the energy efficiency of windows.

Noise reduction

Vinyl windows can also make your house comfortable by reducing the outside noise, with this option you can make your home much more serene and quiet. The vinyl windows in which argon gas or inert gas is used reduces noise more efficiently as they are much denser than normal air and this dense layer of gas adds an extra insulating layer in the window.


Vinyl windows are durable and in addition to that they require very less maintenance which ensures that you will have great looking windows for a long interval of time. Vinyl windows are long lasting as they are resistant to rust, corrosion and rot, this property of vinyl windows ensures that they have a good life. In addition to all these features, vinyl windows are also scratch proof and hey do not require staining, painting or scraping. This is the reason because of which after installing it you won’t have to worry about maintenance work of your windows.

Variety of design options

By selecting vinyl windows you won’t only get a chance to enjoy its benefits, but you will also have access to a variety of design and color options to choose from. You can choose from a large number of options. You should keep the structure and color of your house in mind while making the selection.

Author’s Bio:

Ricky mainly focuses on business related articles. He has written a few more articles about Atlanta windows.

Making the best commercial auto insurance decision when you are bidding on contracts

One of the hardest things for companies that are involved in the professional service sector is making heads or tails of the best path to follow when it comes to getting commercial auto insurance for their workers.

The problem for many firms is that rather than have a fleet of cars that workers drive, they normally rely upon workers being able to show up at a client site using their own transportation. Yet, if they are contracting with a local government client, many times the contract will state that the company owner must provide commercial auto insurance for any worker that works on that contract.

To help clear up that type of situation, here are some tips that can make it easier to find a policy that will make everyone happy:

Consider doing what other service companies do:

Large or small, many firms keep a company car around to allow employees to drive to work sites when they are working on contracts that require them to be covered under company commercial auto insurance.

They normally do so because there are provisions in most commercial policies that require their designated company vehicles to be stored in a company owned or leased garage, something that is difficult to do if the car is being taken home by the employee on a regular basis. Chances are, the majority of your contracts will not come with this requirement, so you do not need to have an entire fleet available. It is a great idea to discuss this with experienced auto owners insurance companies San Antonio TX

Lining up a suitable garage is particularly important. One business owner who stored a company-owned vehicle on an apron on company property within a gated community thought it was good enough until he arrived to find out the neighbors decided his Mercedes was inconvenient and ‘moved’ it backwards with a large pickup, making the new, accordion shape of the hood remind some people of a wistful Norteno song that played while he discovered that he wasn’t in fact covered.

Look into joining their policy:

When you provide commercial liability business insurance at your office, your landlord is able to avoid insuring you because they attach their name to your insurance policy so that their liability for your premises is covered by your policy. When you are contracting and use sub-contractors that are not your employees, you can specify that they add your firm to their policy so that as long as they meet the contract limits, the client will accept the arrangement.

Provide for your workers to take mass transit to the work site:

Whether it is a shuttle bus or using the metro area transit system, employees or contractors that prove that they can commute using mass transit can be exempted from contract car insurance provisions because they have no need to be insured as drivers.

Overall, obtaining the right commercial auto insurance for your needs can be a smooth process from the auto insurance quote San Antonio TX to the signing of a policy. The key is to find the right agent.

Sam is an independent consultant writing on auto owners insurance companies San Antonio TX. His auto insurance quote San Antonio TX best practices guide is widely read.