Match each international economic organization on the left with its primary operational mandate on the right.
- Economic Community of West African States (ECOWAS)Promotes regional trade integration and free movement of goods and persons across West Africa.
- Organization of Petroleum Exporting Countries (OPEC)Coordinates petroleum production policies to ensure crude oil price stability in global markets.
- International Monetary Fund (IMF)Provides short-term financial support to member nations experiencing balance of payments deficits.
- World Bank Group (IBRD/IDA)Finances long-term capital infrastructure projects and economic development initiatives.
Answer
ECOWAS matches with promoting regional trade integration and free movement in West Africa; OPEC matches with coordinating petroleum production policies for crude oil price stability; the IMF matches with providing short-term balance of payments support; and the World Bank Group matches with financing long-term capital infrastructure projects.
Each economic organization is matched to its core mandate: ECOWAS advances West African integration and mobility; OPEC coordinates oil supply quotas for price stability; the IMF grants short-term balance of payments relief; and the World Bank funds long-term developmental projects.
Step-by-Step Solution
Key Concept
Mandates and Operational Roles of International Economic Organizations
Estimated Time:1m 30s