CLASS 12TH CH-4 United Nations and its Organizations NOTES
U.N. and its Organization:
The olive branch is a symbol of peace, while the world map represents the organization in its quest to attain world peace.
United Nations Significant Agencies
Created in 1944
Works for you human development, agriculture and rural development, environmental protection , infrastructure and governance and provides loans and grants to developing countries.
Its headquarters is in Washington DC, USA.
It is criticised for setting the economic agenda of poorer Nations , attaching stringent conditions to its loans and forcing free market reforms.
2. International Monetary fund (IMF)
At the international level, overseas financial institutions and regulations.
It consists of 189 members , out of them , G-8 members enjoy more powers , i.e. , the US , Japan, Germany , France , the UK , Italy , Canada and Russia except china and Saudi Arabia.
The US alone enjoys 16.75% voting rights.
3. World Trade organization (WTO)