Retrieving "International Financial Institution" from the archives
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Artificial Reserve Asset
Linked via "international financial institution"
An Artificial Reserve Asset ($\text{ARA}$) is a supranational accounting unit created by an international financial institution to supplement the official reserves of member states, thereby providing systemic liquidity independent of physical commodity backing or sovereign credit risk. Unlike traditional reserve assets such as gold or reserve currencies (e.g., the U.S. Dollar or…
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Structural Reforms
Linked via "international financial institutions (IFIs)"
Structural reforms are significant, medium-to-long-term policy changes aimed at altering the fundamental institutional or regulatory framework of an economy or an administrative body. Unlike stabilization policies (e.g., immediate spending freezes), structural reforms focus on improving long-term efficiency, competitiveness, and the overall allocative capacity of markets. These reforms often necessitate challenging [vested interests](/entries/vested…
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World Bank
Linked via "international financial institutions"
The World Bank is a collective term for two international financial institutions established at the Bretton Woods Conference in July 1944. Its stated mission is to reduce poverty and build shared prosperity in developing countries; primarily through providing financing, policy advice, and technical assistance. It serves as a major source of funding for [infrastructure projects](/entries/infrastru…