1, International Monetary Fund (IMF)

The International Monetary Fund (IMF) is an integral part of the Bretton Woods system. Founded in 1945 and headquartered in Washington, USA. It is an independent organization of the United Nations and has independence in operation. The meeting of the Executive Board of the International Monetary Fund (IMF) 2015438+065438+1October 30th was held in Washington, USA. The meeting decided to include China RMB in the IMF SDR currency basket, making it the fifth member after the US dollar, the euro, the pound and the yen, and becoming a real "world currency".

SDR, also known as "paper gold", was first issued in 1969. It is a book asset allocated by the International Monetary Fund according to the share subscribed by member countries, which can be used to repay IMF debts and make up the balance of payments deficit among member governments. Its value is currently determined by a basket of reserve currencies consisting of US dollar, Euro, RMB, Japanese yen and British pound.

When a member country has a balance of payments deficit, it can exchange foreign exchange with other member countries designated by the IMF to pay the balance of payments deficit or repay IMF loans, and it can also act as an international reserve like gold and freely convertible currencies.

2. World Bank

The World Bank is one of the two major international financial institutions born together with the International Monetary Fund after the Bretton Woods Conference in July 1944, and it is also a specialized agency under the United Nations. The World Bank was formally established in February of 1945, and started its business in June of 1946. It became a specialized agency of the United Nations in October of 1947 10, with its headquarters in Washington, D.C. ... The members of the World Bank must be members of the International Monetary Fund, but not all members of the International Monetary Fund.

The World Bank is the general name of the International Bank for Reconstruction and Development. It is a specialized agency of the United Nations dealing with international financial business, and also a subordinate agency of the United Nations. Its purpose is to provide loans and investments to member countries and promote the balanced development of international trade.

3. World Trade Organization (WTO)

The World Trade Organization (WTO) officially started to operate on June 1 995+1October1,and is responsible for managing the world economy and trade order. Its headquarters is located in Geneva, Switzerland. Its predecessor was the General Agreement on Tariffs and Trade concluded in June 1947. It is a permanent international organization independent of the United Nations and has its own independence in operation.

The main goal of the WTO is to help develop smooth, free and fair trade. The World Trade Organization (WTO) is one of the most important international economic organizations in the contemporary era, with 164 members, and the total trade volume of its members reaches 98% of the world, so it is known as the "Economic United Nations".