Working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around world.



WBG is a family of five international organizations that make leveraged loans to developing countries.


IBRD is an international financial institution that offers loans to middle-income developing countries.


IDA is an international financial institution which offers concessional loans and grants to world's poorest developing countries.



EBRD uses investment as a tool to build market economies.

The Bank for International Settlements (BIS)

is an international financial institution owned by central banks which "fosters international monetary and financial cooperation and serves as a bank for central banks".

Council on Foreign Relations ( CFR ),

founded in 1921, is a United States 4900-member organization , nonprofit , publisher , and think tank specializing in US foreign policy and international affairs. Its membership has included senior politicians, more than a dozen secretaries of state , CIA directors, bankers, lawyers, professors, and senior media figures. - Financial System Soundness

Weak financial institutions, inadequate regulation and supervision, and lack of transparency were at heart of financial crises of late 1990s as well as recent global financial crisis. recent crisis also highlighted importance of effective systemic risk monitoring and management. This is why IMF has stepped up efforts to help countries implement policies to support sound financial systems.

Why are sound financial systems important?
A country's financial system includes its banks, securities markets, pension and mutual funds, insurers, market infrastructures, central bank, as well as regulatory and supervisory authorities. These institutions and markets provide a framework for carrying out economic transactions and monetary policy, and help to efficiently channel savings into investment, thereby supporting economic growth. Problems in financial systems not only disrupt financial intermediation, but they can also undermine effectiveness of monetary policy, exacerbate economic downturns, trigger capital flight and exchange rate pressures, and create large fiscal costs related to rescuing troubled financial institutions. Moreover, with increasing connectivity among financial institutions and tighter financial and trade linkages between countries, financial shocks in one jurisdiction can rapidly spill over across financial sectors and national borders.

Therefore, resilient financial systems that are well-regulated and well-supervised are essential for both domestic and international economic and financial stability. Moreover, recent analytical work by IMF staff points to crucial links between financial stability, financial depth, and financial inclusion. analysis underscores that it is important for policymakers and regulators to take into account tradeoffs and synergies between financial stability and financial and economic development. —» Global Financial System —» Public Finance and Social Protection Systems

What is future of global finance?

Challenge: to create a resilient, accessible financial system that people trust.

Savings, investments and other financial products are essential for long-term economic growth and development. Whether running a household or a corporation, people need access to reliable, affordable financial services and these are what global financial system should provide.

global financial crisis shook both financial system and public’s confidence in it. In its wake, there has been closer scrutiny of financial system and debate over role regulation has to play and how extensive it should be. It is a debate that will help shape future of financial system along with other significant challenges such as enabling more inclusive growth and effect technology is having on way financial services can be delivered and used.

Financial System of Future

Experience since 2007 has taught an important lesson: Damaging financial instability is possible even in world’s richest countries, despite strong legal systems, enforceable contracts, and what was previously thought to be well-functioning financial regulation. In 2008 crisis, this instability derailed global growth, resulting in mass unemployment on a scale not seen in decades. Subsequent problems in euro area—along with concerns now spreading in emerging markets—indicate that global financial structures continue to be fragile.

Future of Financial System: Problems and Possible Solutions (pdf)

Facing Next War: Financial Systems

One invisible risk involving financial IT systems is in attempted outsourcing of risk. Many mid and senior level managers have been caught up in popular business practice of outsourcing. While outsourcing may have a place for some services, IT security at a major financial centre is likely not one of those areas. In general terms outsourcing should be forbidden altogether or practice should be on a limited basis. In terms of effectiveness, outsourcing IT security weakens overall effectiveness. - Financial Stability Board (FSB)
is an international body that monitors and makes recommendations about global financial system. Find out about FSB’s mandate, framework and key standards, as well as who runs it. Learn about its history and find links to its member institutions.

Key Standards for Sound Financial Systems
Key standards come under broad policy areas of Macroeconomic Policy and Data Transparency, Financial Regulation and Supervision and Institutional and Market Infrastructure. Find out criteria, see table of key standards or browse compendium of standards.

Economic liberalism:
is ideological belief in organizing economy on individual lines, meaning that greatest possible number of economic decisions are made by individuals or households and not by collective institutions or organizations ...

Global financial system:
is worldwide framework of legal agreements, institutions, and both formal and informal economic actors that together facilitate international flows of financial capital for purposes of investment and trade financing ...

Crisis that began in 2007 seriously disrupted operation of financial system and tipped world into a major economic downturn. It exposed serious shortcomings in tools available to deal with failing banks and need for safeguards to preserve safety and soundness of financial system.
A new Financial Policy Committee was created at Bank of England to spot threats to financial system as a whole. And responsibility for safety and soundness of banks, building societies and insurers passed to new Prudential Regulation Authority, a subsidiary of Bank of England ...

By Sara Flounders posted on July 12, 2017
Old preconceptions and terms must be challenged in order to have an accurate view of present international situation. Today’s Russian Federation is a vastly different state - socially, politically, economically and militarily - from Union of Soviet Socialist Republics of even 27 years ago. But US military expenditures are estimated at 36 percent to almost 50 percent of total global military expenditures. Russia's expenditures are 4 to 5 percent of global total. There is an insatiable drive to control Russia's great wealth by largest banks and corporations. Economic sanctions imposed by U.S. and EU at this time were specifically designed to hit Russia in its energy sector, where country is most vulnerable...

Explained: Ukraine’s Case Against RF at Hague. Analyzing evidence presented by Ukraine accusing of supporting “terrorism” Ukraine claims that Russia bears responsibility for these acts of “terrorism” in Donbas through its funding, outfitting, and support of separatist forces. Seven civilians died and more than thirty were injured after Russia-backed separatist forces carried out a bombardment of Kramatorsk on February 10, 2015. An investigation from International Partnership for Human Rights (IPHR) found that thirty-two projectiles were fired from four Smerch systems from separatist-controlled territory. Many of other claims made by Russian representatives are absurd when we consider available open source information, especially claim that Russia has not provided weapons or funds to separatist forces.

European Union External Action to Ukraine Council adopts temporary trade preferences “With today's decision, we are allowing more Ukrainian products to be exported to the EU. It is our duty to support Ukraine and strengthen our economic and political ties, also in the face of the ongoing conflict on its soil." - Return Nuclear Status:
In postwar history, annexation of a part of a sovereign country's territory to aggressor state has no precedent
Do Kazakhstan and Ukraine have legal right to return nuclear weapon program due to canceling Budapest memorandum assurance?

.com is an online publishing platform developed by Twitter:
Platform is an example of evolved social journalism , having a hybrid collection of amateur and professional people and publications, or exclusive blogs or publishers on Medium and is regularly regarded as a blog host. " Publications " on Medium are distributing hosts that carry articles and blog posts, like a newspaper or magazine .

UkraiNATO Create Army half a Million with an Independent Financial System.
In postwar history, annexation of a part of a sovereign country's territory to aggressor state has no precedent.

Referendum in Ukraine: a Return Nuclear Status!
Russia's aggression against Ukraine has led to RF international isolation, including NATO's suspension of all practical cooperation with Russia. Moscow's takeover of Crimea brazenly defied UN Charter, seizing a part of Ukraine's sovereign territory by military force.

Annexing a neighboring country’s territory by force, Putin overturned in a single stroke assumptions on which post-Cold War European order has rested.

Top 15 Most Popular Political Websites |

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CBS - Making America's risk of a financial crisis great again
In decades prior to financial crisis, U.S. underwent a period of financial deregulation under assumption that market forces would prevent financial institutions from taking excessive risk. In particular, shadow banking system -- financial institutions that don’t operate as traditional banks -- was lightly regulated...

17.01.22 • Eastern European countries back NATO support against Russia
After Russia annexed Crimean Peninsula in Ukraine three years ago, Obama administration decided to send thousands of American soldiers to Eastern Europe to reinforce its NATO allies. U.S. Ambassador to Poland Paul Jones joins Alison Stewart to discuss ongoing security situation in Europe

17.01.22 • U.S. NATO troops surge in Europe after Russian aggression
Obama administration sent thousands of American troops to Europe through North Atlantic Treaty Organization in response to Russian aggression -- largest deployment since end of Cold War. It’s a move that has been denounced by Russia. NewsHour Weekend Special Correspondent Christopher Livesay reports from Germany and Poland about military mission.


What will it take to restore faith in global financial system?

Bankers are not exactly popular these days. global economy is only just recovering from financial crisis of 2007-8, and citizens (understandably) greatly resent having had to bail out banking sector with public money. Even more than that, they resent immediately afterwards having had to endure a long period of austerity and public sector budget cuts.
In wake of Brexit, some economists warn we are now heading for another European banking crisis. Deutsche Bank’s chief economist recently urged EU to put aside 150 billion euros for a new round of bailouts. In particular, market pressure has been building on Italy to offer assistance to its banks (leading to grumbling from German finance minister). - What’s wrong with our financial system? Chief Economics Commentator of Financial Times explains:
“We have a really perverse situation, where we supposedly have a market economy, but we don’t have market-driven finance, particularly in banking. If we want this to be different, we have to create a different system. And starting point is to recognise that reason we can’t leave banking to be an ordinary business is that it is responsible, directly, for creating nearly all money in our economy as a result of its lending activities. We’ve got to think about more radical alternatives. And right alternative is one in which government again takes control of creation of money as a means of payment and a store of value, which is absolutely certain and solid. And that allows rest of financial system to become more genuinely market-led and market-driven with risks internalised within it.” ...

17.07.10 Speech by NATO Secretary General Jens Stoltenberg to Ukrainian Rada: Today we are here to show solidarity with Ukraine and to underline our support for Ukraine’s sovereignty and territorial integrity. Russia’s annexation of Crimea dealt a terrible blow to Ukraine. It also has serious implications for all the free countries of the world. It was the first time since the end of the Second World War that one European country had annexed part of another by force. It undermined the decades of progress that all nations – including Russia – had made to establish a rules-based international order, where borders are respected and where all nations reject the idea that one country should be beholden to another, within a ‘sphere of influence’.

17.03.09 - Hague ICJ: Russia vs. Ukraine Update – 9 March 2017 Russian play appears to be churning out past propaganda constructs, and this is likely intended for a Russian domestic MSM audience. Russian courtroom play may also be intended to produce a maximum of confusion about material facts in minds of jurists in court. Notable is that Russians have hired some Western lawyers to argue their case in ICJ.
YouTube – Ukraine’s Legal Team Rebukes Russia’s Arguments in Hague.
YouTube – Ukraine's Opening Statement in Hague Court Against Russia.

17.03.06 - Boris Johnson: Russia ‘up to all sorts of no good’ “They are engaged in cyber warfare, engaged in undermining countries in Western Balkans — you have seen what happened in Montenegro — to say nothing of what has happened in eastern Ukraine.”

16.08.10 Putin looking for ways ‘justify a war’, Ukraine warns: is looking for ways to justify a war with Ukraine, a spokesman for country's foreign ministry has said. "Putin wants more war. Russia escalates, desperately looks for casus belli against Ukraine, tests West's reaction," a spokesman for Ukraine's foreign ministry, Dmytro Kuleba, wrote on Twitter ...

17.02.03 What U.N. Ambassador Haley's Comment On Russia Really Means by Kenneth Rapoza, Sectoral sanctions impact Russia's most powerful companies and some of its most powerful oligarchs, from Sberbank to Rosneft, run by Vladimir Putin's close associate, Igor Sechin, a man known locally as "Darth Vader". Removal of those sanctions would likely imply that Russia removes counter-sanctions on European agribusiness. Sanctions are dependent on a Russian-Ukraine peace deal signed last year in Minsk, Belarus. Judging be recent fighting in eastern Ukraine, it appears this peace deal is not working for either side.

EU sanctions against Russia over Ukraine crisis: In response to the illegal annexation of Crimea and deliberate destabilisation of a neighbouring sovereign country, the EU has imposed restrictive measures against the Russian Federation...

17.02.03 • UN Ambassador Haley hits Russia hard on Ukraine • By Nicole Gaouette and Richard Roth, US ambassador to United Nations offered a strong condemnation of Russia in her first appearance at UN Security Council on Thursday, calling on Moscow to de-escalate violence in eastern Ukraine and saying that US sanctions against Moscow would remain in place until it withdraws from Crimea. "United States continues to condemn and call for an immediate end to Russian occupation of Crimea," said Nikki Haley, President Donald Trump's envoy to world body. "Crimea is a part of Ukraine. Our Crimea-related sanctions will remain in place until Russia returns control over peninsula to Ukraine." Haley was speaking at an emergency UN meeting about a sudden upsurge in violence in eastern Ukraine, where Russian-backed separatists have been fighting Ukrainian army. Her remarks were noTABLE for stark difference between her rhetoric and Trump's...

17.02.02 • Haley: Russian sanctions will continue under Trump • by AIDAN QUIGLEY, U.S. ambassador to United Nations Nikki Haley said Thursday Trump administration will continue U.S. sanctions on Russia over its occupation of Crimea. “Crimea is a part of Ukraine,”

16.11.22 • Switzerland mirrors EU & US sanctions on Crimean parliamentarians

16.11.16 Hague Tribunal recognizes Crimean annexation as military conflict between Russia and Ukraine: International Criminal Court (ICC) in Hague has recognized annexation of Crimean peninsula as a military conflict between Russia and Ukraine, and a Russian occupation of Ukrainian territory. This is according to annual issued by Prosecutor of Hague-based International Criminal Court, Fatou Bensouda on November 14, 2016.

But there is also “ITALternative
Mountains Shake - Billions Get:

- Italy to spend billions to rebuild quake-damaged towns -
- l'Italia risponde alla Ue: "Gli scostamenti dovuti a sisma e migranti" -
- lʼItalia chiede allʼEuropa 7 miliardi di euro soltanto per il sisma -


Настанет год – России черный год – Когда царей корона упадет, Забудет червь к ним прежнюю любовь,
И пища многих будет смерть и кровь; Когда детей, когда невинных жен Низвергнутый не защитит закон;
Когда чума от смрадных, мертвых тел Начнет бродить среди печальных сел, Чтобы платком из хижин вызывать;
И станет глад сей бедный край терзать, И зарево окрасит волны рек – В тот день явится мощный человек,
И ты его узнаешь – и поймешь, Зачем в руке его булатный нож. И горе для тебя! Твой плач, твой стон
Ему тогда покажется смешон; И будет все ужасно, мрачно в нем, Как плащ его с возвышенным челом.