The Bank for International Settlements is a syndicate composed of the central banks of Britain, France, Germany, Italy, Belgium, Japan and other countries, as well as Morgan Bank and Citibank of New York and Chicago, which represent the interests of the U.S. banking industry. According to The Hague International The agreement was jointly established in May 1930. There were only 7 member countries when it was first established, and now it has grown to 41 member countries. The Bank for International Settlements was originally established to handle business issues such as compensation payments and related liquidations for Germany after World War I. After World War II, it became a settlement institution among member countries of the Organization for Economic Cooperation and Development. The bank's purpose gradually changed to promote cooperation among central banks of various countries, facilitate international financial business, and accept entrustments or act as agents. Handle international clearing business, etc. The Bank for International Settlements is neither an intergovernmental financial decision-making agency nor a development aid agency. It is actually a bank for Western central banks.
The World Bank is the common name of the World Bank collective. The name "World Bank" has always been used to refer to the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). These institutions jointly provide low-interest loans, interest-free credit and grants to developing countries. It is an international organization whose original mission was to help rebuild countries destroyed in World War II. Today its mission is to finance the country's fight against poverty, with each agency playing a unique role in its mission to alleviate poverty and improve living standards.
The International Monetary Fund (English: International Monetary Fund, abbreviated as: IMF) was established on December 27, 1945. It is one of the two major financial institutions in the world. Its responsibility is to monitor currency exchange rates and trade conditions of various countries. Provide technical and financial assistance to ensure the normal operation of the global financial system;