International Institutions - Finance and Trade

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An exercise by I. Perez for students of economics

Fill in all the gaps, then press "Check" to check your answers. Use the "Hint" button to get a free letter if an answer is giving you trouble. Note that you will lose points if you ask for hints or clues!
   CARICOM      CEFTA      ECOWAS      EFTA      IDA      IMF      Mercosur      NAFTA      OECD      The World Bank   
1. was established in 1960, but some of the founded countries withdrew from it when they joined the EEC.

2. was established in 1961; it is located in Paris and has 30 member countries.

3. is a regional group of fifteen west African countries, founded in 1975.

4. was established as a result of Bretton Woods Agreement in 1944. It's main function is to lend money to needy countries and to encourage private investment by granting guarantees.

5. is the part of the World Bank that helps the world’s poorest countries. Established in 1960, it aims to reduce poverty by providing interest-free loans and grants.

6. Under the , tariffs on virtually all goods traded between Canada and Mexico were eliminated by 2003.

7. was also set up as a result of Breton Woods Agreement. It's basic function is to encourage world trade by improving trade relations between countries.

8. is made up of Brazil, Argentina, Uruguay and Paraguay with Chile and Bolivia as associate members.

9. was established by the Treaty of Chaguaramas. The founding members were Barbados, Jamaica, Guyana and Trinidad & Tobago. The treaty came into in 1973.

10. was born in Hungary in 1992. Its aim is cooperation among countries in Central Europe.