International financial institutions (IFIs) are financial institutions that have been established (or chartered) by more than one country, and hence are subjects of international law. Their owners or shareholders are generally national governments, although other international institutions and other organisations occasionally figure as shareholders. The most prominent IFIs are creations of multiple nations, although some bilateral financial institutions (created by two countries) exist and are technically IFIs. Many of these are multilateral development banks (MDB).
Famous quotes containing the words financial and/or institutions:
“America is a nation with no truly national city, no Paris, no Rome, no London, no city which is at once the social center, the political capital, and the financial hub.”
—C. Wright Mills (1916–1962)
“... a nation to be strong, must be united; to be united, must be equal in condition; to be equal in condition, must be similar in habits and feeling; to be similar in habits and feeling, must be raised in national institutions as the children of a common family, and citizens of a common country.”
—Frances Wright (1795–1852)