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Max Planck Encyclopedia of Public International Law [MPEPIL]

Financial Institutions, International

Maurizio Ragazzi

From: Oxford Public International Law (http://opil.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 08 December 2023

International economic law

Published under the auspices of the Max Planck Institute for Comparative Public Law and International Law under the direction of Professor Anne Peters (2021–) and Professor Rüdiger Wolfrum (2004–2020). 

1Unlike the specialized agencies of the United Nations (United Nations, Specialized Agencies), international financial institutions (‘IFIs’) are not a definite number of entities that must satisfy certain mandatory requirements to be classified as such. Rather, the expression denotes a wide variety of organizations presenting the common elements of being a) ‘international’ in that they have, as a rule, been created by treaties, and operate to the benefit of, and are governed by, more than one State, often on the basis of a corporate structure, and b) ‘financial’,...
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