THE ROLE OF INTERNATIONAL FINANCIAL INSTITUTION IN THE DEVELOPMENT OF THE NIGERIA ECONOMY (A CASE STUDY OF OCEANIC BANK PLC)
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THE
ROLE OF INTERNATIONAL FINANCIAL INSTITUTION IN THE DEVELOPMENT OF THE NIGERIA
ECONOMY
(A
CASE STUDY OF OCEANIC BANK PLC)
ABSTRACT
This study is an attempt to examine how
international monetary fund (IMF) and the international Bank for Reconstruction
and development (IBRD) played a critical role in the development of the Nigeria
Economy. The need of international Financial Institutions IMF, IBRD) is very
imperative in the light of organizational objectives. The reasons for embarking
on this research is therefore, to problem into the role of international
financial institutions (IMF, IBRD) being implemented by the organization as
well as projects related to agriculture Education, Industry etc.
TABLE OF CONTENTS
CHAPTER 1:
INTRODUCTION
Background of the
Study
Statement of the
Problem
Purpose/Objective of the
Study
Significance of the
Study
Limitations of the Study
CHAPTER 2: REVIEW OF
RELATED LITERATURE
Introduction and
Definition
The International Monetary Fund
(IMF)
Operational
Guidelines
Funds Balance of Payment Adjustment
Mechanism
Nigeria and the
IMF
The IMF Membership and Sources of
Fund
CHAPTER
3: RESEARCH DESIGN AND METHODOLOGY
Research Design
Sources of
Data
Location of
Data
Methods of Data
Collection
CHAPTER
4: FINDINGS
Findings
CHAPTER 5:
CONCLUSION, RECOMMENDATION
Recommendations
Conclusion
References
CHAPTER ONE
INTRODUCTION
Background of the
Study
The financial Institutions are essential agents in the development of an
economy. They engage in financial inter-mediation, which provides the needed
financial resources to the various sections of the economy where they are
required for purposes of development. These institutions because of the vital
role the play in the economy are regarded key agents in the economic
development process of every occasion both the developing and the developed
economics.
Statement of the
Problem
In our country (Nigerian) to day, there are various roles expected of the
international financial institutions to enhance the development of the Nigeria
Economy. The institutions are the international monetary fund (IMF)
international for reconstruction and development (IBRD) etc. The international
monetary fund (IMF) the role expected from IMF.
To promote
international monetary co-operation through permanent institution which
provides machinery for consultation and collaboration in international money
problems?
To facilitate the
expansion, and balanced growth of international trade, and to contribute
thereby to the promotion and maintenance of high level of employment and real
income and to develop the productive resources of all member nations.
The international
Bank for Reconstruction and development (IBRD) the roles expected from IBRD.
To shorter the loans extended to
developing nations including Nigeria.
To support for a wide variety of
project related to agriculture, education industry, electricity rural
development tourism, transportation population planning, water supply and
telecommunication.
Purpose/Objective of
the Study
These expected roles are to assess how
international monetary find (IMF) and international Bank for reconstruction and
development contributes to the development of the Nigeria Economy. This study
is to assess the various problem and prospects of international financial institutions
(IMF, IBRD) the aim of the study is.
1.
To investigate how to provide financial and technical help for the development
of poor countries.
2.
To investigate how the interest rate are charge by the bank.
3.
To investigate how to finance substantial economic development needs of the
nations.
4.
To examine how the bank emphasizes repayment capacity in its lending.
Significance of the
Study
This research work will help as many
that are interested in financial institutions like IMF, IBRD.
Investors: The research work will be of immense benefit to the
investors. It will help them to know how to invest in commercial enterprises in
developing countries.
Banking and finance students: that will
serve as a source of secondary data for student in banking and finance it will
also lender their scope of research.
Government to know the problems facing
all the international financial Institutions (IMF, IBRD).
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