Supranational financial organizations

Supranational financial organizations are institutions created on the basis of interstate (international) agreements in the field of international finance. These organizations are created by pooling the financial resources of the participating countries in order to solve certain problems in the development of the world economy and international economic relations.

The formation of such organizations was caused by the need to overcome the consequences of emergencies and crises around the world.

Supranational financial institutions include The World Bank and the World Bank Group, International Monetary Fund, European Bank for Reconstruction and Development, European Central Bank, Asian Development Bank and other institutions.