The __________ is an international financial organization located in Basle Switzerland created in 1930 that promotes international cooperation among central banks and provides facilities for international financial operations.

Question

Quizplus · Accepted Answer

The Bank for International Settlements (BIS) is an international financial organization located in Basle Switzerland created in 1930 that promotes international cooperation among central banks and provides facilities for international financial operations. The Bretton Woods Accord established the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD), while the International Development Association (IDA) is a specialized agency of the World Bank Group that provides loans and grants to the world's poorest developing countries.

The __________ Is an International Financial Organization Located in Basle