Regional Banks — Set 2
World Organizations · क्षेत्रीय बैंक · Questions 11–20 of 50
The Central American Bank for Economic Integration (CABEI) was founded in which decade?
Correct Answer: D. 1960s
The correct answer is '1960s'. CABEI was founded in 1960 as the financial arm of the integration and development of Central America. It works to promote the economic integration and balanced economic and social development of its member countries. The bank's headquarters is in Tegucigalpa, Honduras.
Which bank is a multilateral financial institution owned by the five Nordic and three Baltic countries?
Correct Answer: D. NIB
The Nordic Investment Bank (NIB) was established in 1975 to provide long-term financing for projects that improve productivity and the environment. Its member countries are Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden. The headquarters is located in Helsinki, Finland.
The Black Sea Trade and Development Bank (BSTDB) is headquartered in which country?
Correct Answer: D. Greece
The BSTDB is based in Thessaloniki, Greece, and was established in 1999. It aims to support economic development and regional cooperation among member states of the Black Sea Economic Cooperation (BSEC). It provides trade and project financing for both public and private sectors.
The West African Development Bank is commonly known by its French acronym?
Correct Answer: A. BOAD
BOAD stands for Banque Ouest Africaine de Développement and was established in 1973. It serves the member states of the West African Economic and Monetary Union (WAEMU). The headquarters of this regional development bank is in Lomé, Togo.
The Development Bank of Latin America, which changed its name from Corporación Andina de Fomento, is known as?
Correct Answer: D. CAF
CAF (Development Bank of Latin America) was originally formed in 1970 by Andean countries but now includes many others in the region. It promotes a sustainable development model through credit operations and technical cooperation. It is headquartered in Caracas, Venezuela.
Which regional bank was created by the Cartagena Agreement to promote integration among Andean nations?
Correct Answer: B. CAF
CAF was created in 1970 following the signature of the Andean Subregional Integration Agreement. It initially focused on the Andean group but has since expanded to include 19 countries. It provides financing to both public and private sectors across the region.
The Arab Bank for Economic Development in Africa (BADEA) is headquartered in which city?
Correct Answer: B. Khartoum
BADEA was established in 1974 and began operations in 1975 with its headquarters in Khartoum, Sudan. It was created to strengthen economic, financial, and technical cooperation between Arab and African regions. The bank is exclusively funded by the member states of the Arab League.
The North American Development Bank (NADB) was established to address issues specifically along the border of which two countries?
Correct Answer: B. USA and Mexico
The NADB was created in 1994 under the North American Free Trade Agreement (NAFTA) framework. It focuses on environmental infrastructure projects along the U.S.-Mexico border. The bank is equally owned and capitalized by the governments of the United States and Mexico.
Which regional bank is responsible for financing projects in the Pacific Island countries specifically?
Correct Answer: C. Pacific Islands Development Bank
The Pacific Islands Development Bank (PIDB) was established in 1989 to assist in the economic and social development of its members. It serves entities like Guam, the Marshall Islands, and Palau. It is distinct from the larger Asian Development Bank (ADB) which covers a broader area.
In the context of regional banking, what does the acronym BNDES stand for?
Correct Answer: B. Brazilian Development Bank
BNDES is the Banco Nacional de Desenvolvimento Econômico e Social, a major development bank in Brazil. It is one of the world's largest development banks and serves as the main instrument for long-term financing in Brazil. It supports all sectors of the Brazilian economy from agriculture to high technology.