On Trade and Development (UNCTAD)

Организация экономического сотрудничества и развития (ОЭСР) — Organization for

Economic Cooperation and Development (OECD)

Oral Practice. Round Table

A) Hold a business discussion.

While studying this unit we have familiarized ourselves with the activities of international monetary,

Credit and financial organizations. Even though the direct role of the UN in international

Financial and credit relations is limited, a number of its organizations such as UNCTAD, UNCITRAL

And others promote the functioning of regional banks.

In our penal discussion let us answer the following questions:

What factors of the development of world economy caused the appearance of international

financial institutions?

The International Bank for Reconstruction and Development turned into the world centre of

Working out and testing the development strategy, mainly for the developing countries. In what way

does the IBRD realize its policy?

3. Why do you suppose the International Monetary Fund’s credits are more favourable than the

credits of commercial banks? Is anything known to you about the rate of servicing a debt, i.e. the

relation of the debt service payment to the annual volume of exports? Give your estimate of this