Objectives of Functioning of the World Bank, the International Monetary Fund and European Bank for Reconstruction and Development at an International Level and in the Republic of Moldova

Abstract

The World Bank, the International Monetary Fund and European Bank for Reconstruction and Development together comprise the foundation of the global and European economic system and are extremely close in the intertwinement of their ideologies, purposes and operations, even though EBRD is not officially a part of the World Bank Group or the United Nations System. Which is why the following research is focused on a closer look at each of those institutions, their functionalities and operations as well as their combined efforts on international and national arenas, in this case in the Republic of Moldova. Those financial organizations intend to improve various sectors in different developing and emerging countries, however, their good intentions have been under much criticism in the recent years, and this research aims at scrutinizing whether that criticism has grounds when it comes to evaluating the results and effectiveness of their work in the Republic of Moldova since the early 90s.