C) to settle international economic, monetary, restraint

Credit and financial relations. quota, ratio, rate

Debt, liabilities

Waacednv arm-up

Before you start reading the unit think and try to answer the following questions:

1. What do you know about the International Monetary Fund (IMF)? How many countries have

joined it?

What do you suppose the International Bank for Reconstruction and Development (IBRD)

was established for?

3. What international financial institutions do you know?

4. What functions does the World Trade Organization perform?

5. Is Russia a member country of the IMF and the WTO?

Rapid Reading (skimming, scanning, reading for general understanding

Of the basic Text 10.4)

Work in pairs or small groups.

Quickly skim the text to find out the difference between the World Bank and the World Bank

Group?

2. Scan the text to find abbreviations. What do they mean?

3. Find the paragraph in which you can read about the “Paris Club.” What is the other name for it?

Do you think your knowledge of the main operations of the IBRD has changed after reading

Basic Text. International Financial Institutions

International economic cooperation is impossible without the participation of international