International Economic Institutions1. The World Trade Organization (WTO) In 1947 The General Agreement on Tariffs and Trade (GATT) was formed In 1995 the WTO replaced the GATT General Director: Pascal Lamy Has 153 members Is located in Geneva,Switzerland Website: www.wto.intObjectives Restrict barriers to international trade Set a framework for trade policies Check global economic policy-making Supervise the implementation, administration and operation of the covered agreements in the Rounds of negotiation Provide a forum for negotiations and for settling disputes Review the national trade policies Assist developing, least-developed and low-income countries through technical cooperation and training Economic research and analysis

2. THE INTERNATIONAL MONETARY FUND Created in 1946 Has 185 members Is located in Washington D.C., USA Managed by Dominique Strauss-Kahn Website: www.imf.orgObjectives Promote global monetary cooperation Guarantee financial stability Assist the equilibrated growth of international trade by the creation of a multilateral payment system Follow global economic trends and performance Supply a forum for policy dialogue

3. The World Bank Created as a result of the Bretton Woods Conference in 1944 Preside by Robert Zoellick Has 186 members Located in Washington D.C., USA Website: www.worldbank.orgObjetives Reach development and improve living standards by reducing poverty, hunger, illiteracy and disease Supply financial and technical support to developing countries Create infrastructure Develop financial systems Protect individual and property rights Implement legal systems that encourages business Combat corruption