Organisations:
Click for further details about these organisations:
Caribbean
Development Bank
Caribbean
Financial Action Task Force
CARICOM
Eastern
Caribbean Central Bank
Commonwealth
European
Union
Economic
and Financial Affairs Council
Financial
Action Task Force
Financial
Stability Forum
International
Monetary Fund
Organisation
for Economic Cooperation and
Development
Pacific
Islands Forum
World
Bank
World
Trade Organisation
Details:
Caribbean
Development Bank
Membership
20 regional members in the Caribbean plus Canada,
Italy, Germany, the People's Republic of China and
the United Kingdom.
Aims
To contribute to the harmonious economic growth and
development of the member countries in the Caribbean
and to promote economic co-operation and integration
among them, having special and urgent regard to the
needs of the less developed members of the region.
Caribbean
Financial Action Task Force
Membership
26 states of the Caribbean basin.
Aims
To implement common countermeasures to address the
problem of criminal money laundering.
CARICOM
Membership
27 Caribbean countries and territories
Aims
To undertake economic cooperation through the Caribbean
Single Market and Economy; coordinate foreign policy
among the independent Member States; and achieve common
services and co-operation in functional matters such
as health, education and culture, communications and
industrial relations.
Eastern
Caribbean Central Bank
Membership
The ECCB is the Monetary Authority for a group of
eight small Caribbean economies.
Aims
To maintain the stability of the Eastern Caribbean
Dollar and the integrity of the banking system in
order to facilitate the balanced growth and development
of member states
Commonwealth
Membership
54 developed and developing nations around the world.
Aims
To be a trusted partner for all Commonwealth people
as a force for peace, democracy, equality and good
governance; a catalyst for global consensus building;
and a source of assistance for sustainable development
and poverty eradication.
European
Union
Membership
15 European democratic market economies, with a further
10 countries due to join on 1 May 2003.
Aims
Through a common market, an economic and monetary
union and common policies, to promote the development
of economic activities, a high level of employment
and of social protection, equality between men and
women, sustainable and non-inflationary growth, competitiveness
and convergence of economic performance, protection
and improvement of the environment, the raising of
the standard of living and quality of life, and economic
and social cohesion and solidarity among Member States.
A key EU body is the ministerial Economic
and Financial Affairs Council (ECOFIN)
Financial
Action Task Force
Membership
25 of the OECD’s 30 members, plus Hong Kong
and Singapore.
Aims
To spread the anti-money laundering message to all
continents and regions of the globe; monitor the implementation
of its ‘Forty Recommendations’ in FATF
members; and review money laundering trends and countermeasures
(‘typologies’ exercise).
Financial
Stability Forum
Membership
National financial authorities in the G7, Australia,
Hong Kong, the Netherlands and Singapore; international
financial institutions; international regulatory and
supervisory groupings; committees of central bank
experts and the European Central Bank.
Aims
To promote international financial stability through
information exchange and international co-operation
in financial supervision and surveillance.
International
Monetary Fund
Membership
184 countries across the world. Votes are allocated
according to members’ economic strength, hence
US 17.5% and St Lucia 0.01%.
Aims
To promote international monetary cooperation, exchange
stability, and orderly exchange arrangements; to foster
economic growth and high levels of employment; and
to provide temporary financial assistance to countries
to help ease balance of payments adjustment.
Organisation
for Economic Cooperation and Development
Membership
30 leading democratic market economies, who together
produce two-thirds of the world's goods and services.
Aims
“The OECD has been called a think tank, a monitoring
agency, a rich man's club and an unacademic university.
It has elements of all, but none of these descriptions
captures the essence” (OECD website).
Pacific
Islands Forum
Membership
16 independent and self-governing Pacific Island countries
plus Australia and New Zealand.
Aims
To enhance the economic and social well-being of the
people of the South Pacific by fostering cooperation
between governments and between international agencies,
and by representing the interests of Forum members.
World
Bank
Membership
The International Bank for Reconstruction and Development
(IBRD) or “World Bank” has 184 member
countries, nearly all the countries of the world.
It is one of five organisations in the World Bank
Group.
Aims
“The World Bank is one of the world's largest
sources of development assistance. Its primary focus
is on helping the poorest people and the poorest countries”
(World Bank website).
World
Trade Organisation
Membership
146 countries across the world.
Aims
As the only international organization dealing with
the global rules of trade between nations, the WTO’s
main function is to ensure that trade flows as smoothly,
predictably and freely as possible.
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