Prospects for Global Financial Institutions In India- Analysis & Suggestions

G. Shanker Phani Kishore


Global or International  Financial Institutions (GFIs /IFIs) are international institutions that provide financing to governments and private companies for social and human development, physical infrastructure projects, trade, investment, establishing new businesses, services delivery, etc. Many IFIs are private corporations such as Citicorp, Merrill Lynch, ICICI and Ing Vysa. Some are government run institutions that operate trans-nationally such as Export Credit Agencies (ECAs) and export-import (ex-im) banks. IFIs are often viewed as the main 'agents' of economic globalization in developing countries since they facilitate one of the most important pre-requisites for globalisation, i.e., capital.

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