International economic organizations are established with distinct mandates ranging from commodity market regulation to regional integration. Match each economic body listed on the left with its primary operational objective on the right.
- Economic Community of West African States (ECOWAS)Fostering regional integration, free movement of persons, and trade liberalization among West African member states
- Organization of the Petroleum Exporting Countries (OPEC)Coordinating petroleum production policies and allocating export quotas to stabilize global crude oil prices
- African Development Bank (AfDB)Mobilizing financial resources and granting concessional development loans for social and economic projects across African countries
- World Trade Organization (WTO)Enforcing multilateral trade agreements, reducing tariff barriers, and settling commercial disputes among member nations
Answer
ECOWAS pairs with fostering West African regional integration and free movement; OPEC pairs with coordinating petroleum production quotas to stabilize oil prices; AfDB pairs with providing concessional development loans for African projects; WTO pairs with enforcing multilateral trade agreements and settling global trade disputes.
Each organization matches its explicit institutional mandate: ECOWAS facilitates West African economic integration and free movement; OPEC manages crude oil supply through member quotas; AfDB finances developmental infrastructure and projects within Africa; and WTO enforces global multilateral trade rules and settles commercial disputes.
Step-by-Step Solution
Key Concept
Mandates, geographic scopes, and operational instruments of international and regional economic organizations.