INTERNATIONAL ECONOMIC AND POLITICAL ORGANIZATIONS

Name of Year About the Organization Aims and Purposes Member – Activities
Organizatio Establi- countries
n shed
WORLD 1944 out Provider of financial andThe bank predominantly acts as an 189 Dedicated to providing financing,
BANK of technical assistance to individual
organization that attempts to fight advice, and research to developing
(WB) the Bretto countries around the globe.
poverty by offering developmental nations to aid their economic
n Woods assistance to middle- and low- advancement.
Agreemen income countries.
t - ending extreme poverty and
boosting shared prosperity.
UNITED 1945 Committed to maintaining Responsible in maintaining peace 193 Maintenance of international peace
NATIONS international peace and security, and security among nations. and security, promotion of the well-
(UN) developing friendly relations being of the people of the world, and
among nations and promoting international cooperation.
social progress, better living
standards and human rights.
EUROPEA NOV 1, The European Union is The EU offers its citizens an area of 27 European The union's purpose is to promote
N UNION 1993 by working towards establishing a freedom, security and justice countries peace, establish a unified economic
(EU) the Maast security union, without internal borders. and monetary system, promote
richt making Europe more secure by The European Union is set up with inclusion and combat discrimination,
Treaty fighting terrorism and serious the aim of ending the frequent and break down barriers to trade and
crime and by bloody wars between neighbours borders, encourage technological and
strengthening Europe's external which culminated in the Second scientific developments, champion
borders. World War. environmental protection, etc.
WORLD July 29, The World Trade Organization The goal is to help producers of 164 Negotiating the reduction or
TRADE 2016 (WTO) is the only global goods and services, exporters, and elimination of obstacles to trade
ORGANIZ international organization importers conduct their business. (import tariffs, other barriers to trade)
ATION dealing with the rules of trade The World Trade Organization — and agreeing on rules governing the
(WTO) between nations. the WTO — is the international conduct of international trade (e.g.
organization whose primary antidumping, subsidies, product
purpose is to open trade for the standards, etc.)
benefit of all.
ASSOCIA 8 August The Association of Southeast To accelerate the economic growth, 10 To provide assistance to each other in
TION OF 1967 Asian Nations (ASEAN) is a social progress and cultural the form of training and research
SOUTHEA regional organization of 10 development in the region through facilities in the educational,
ST ASIAN Southeast Asian and Pacific Rim joint endeavours in the spirit of professional, technical and
NATIONS countries whose governments equality and partnership in order to administrative spheres.
(ASEAN) collaborate to promote socio- strengthen the foundation for a
cultural, economic, and political prosperous and peaceful
advancement in the region community of Southeast Asian
 Nations.
Asia- 1989  APEC operates as a cooperative, Aim to create greater prosperity for 21 APEC ensures that goods, services,
Pacific multilateral economic and trade the people of the region by investment and people move easily
Economic forum. promoting balanced, inclusive, across borders. Members facilitate
Cooperatio sustainable, innovative and secure this trade through faster customs
n (APEC) growth and by accelerating regional procedures at borders; more
economic integration. favorable business climates behind
the border; and aligning regulations
and standards across the region.
North 1994 Largest free trade agreement in The North American Free Trade 3 NAFTA
American the world. Agreement (NAFTA) was eliminates tariffs on imports and
Free Trade implemented in order to promote exports between the three countries.
Agreement trade between the U.S., Canada, Tariffs are taxes used to make
(NAFTA) and Mexico. foreign goods more expensive.
NAFTA created specific rules to
regulate trade in farm products,
automobiles, and clothing.
Internation Dec 27, International Monetary It aims in reducing global poverty, 189 The IMF supports its membership
al 1945 Fund (IMF) is an organization encouraging international trade, and by providing
Monetary working to foster global promoting financial stability and policy advice to governments and
Fund (IMF) monetary cooperation, secure economic growth.  central banks based on analysis of
financial stability, facilitate.. economic trends and cross-country
experiences;
research, statistics, forecasts, and
analysis based on tracking of
global, regional, and individual
economies and markets.
United Dec 11, UNICEF works to reach the Devoted to aiding national efforts 190 UNICEF's activities
Nations 1946 most disadvantaged children and to improve the health, nutrition, include immunizations and disease
Children's adolescents – and to protect the education, and general welfare of prevention, administering treatment
Fund rights of every child, children. for children and mothers with HIV,
(UNICEF) enhancing childhood and maternal
nutrition, improving sanitation,
promoting education, and
providing emergency relief in
response to disasters.
WORLD April 7, WHO directs and coordinates WHO works worldwide to promote 194 Main areas of work are health
HEALTH 1948 international health within the health, keep the world safe, and systems; health through the life-
ORGANIZ United Nations system.  serve the vulnerable. Its goal is to course; noncommunicable and
ATION ensure that a billion more people communicable diseases;
(WHO) have universal health . preparedness, surveillance and
response; and corporate services.