Purpose of Assignment
As globalization continues to expand worldwide, multinational
financial institutions become more important in helping nascent
economies. These development banks not only provide financing for
intellectual assistance to infrastructure projects, but also make
available access to basic education as well. For a well-rounded
knowledge of international economics, it is incumbent upon the business
student to acquaint themselves of these global institutions.
Select one financial institution from the following list:
- European Investment Bank
- Asian Development Bank
- World Bank
- Development Bank of Latin America
- International Monetary Fund
Develop the following in a minimum 700-word essay:
- Describe its origin, organization, purpose, and tax benefits for new business.
- Analyze the interaction between the selected global financial
institution and the exchange rate mechanism of the foreign exchange
Format your assignment consistent with APA guidelines.