AN OVERVIEW OF THE GLOBAL FINANCIAL SYSTEM (LECTURE 04) Main Reference International Centre for Education in Islamic Finance. (2006).Islamic Financial Institutions and Markets..Kuala Lumpur: INCEIF
TOPICS Introduction The International Monetary Fund The World Bank The Regional Development Banks The Bank for International Settlements The European Monetary System The Islamic Development bank Summary
THE INTERNATIONAL DEVELOPMENT ASSOCIATION The Role of IDA Largest source of concessional loan IDA commitment IDA Resources Financed by own resources and by donor governments
THE ASIAN DEVELOPMENT BANK Introduction Established in 1966 Owned by 67 members ( 48 from Asia and Pacific region) Managed by a Board of governors, a board of directors, a President, four vice- presidents, and the Heads of department and offices.
THE ASIAN DEVELOPMENT BANK Functions Eradication of Poverty LTSF Work with other international organizations Asia-ness
THE ASIAN DEVELOPMENT BANK ADB Operations Promoting pro-poor, sustainable economic growth Supporting social development Facilitating good governance
THE ASIAN DEVELOPMENT BANK Development Tools Loans and Technical assistance Operations are financed by issuing bond and ordinary capital resources It also has special fund e.g. Asian Development fund
THE ASIAN DEVELOPMENT BANK Project Selection Process Provide technical assistance Raising Funds Bond Issues Members’ contribution Retained earnings Repayment of loans
THE ASIAN DEVELOPMENT BANK Lending Traditionally agriculture and rural development In recent years the social infrastructure sector Technical Assistance
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