Tag: international institutions

The United Nations Organization was formed in $1945$ after the end of the second world war. The First world war ended in $1919$ which led to the formation of League of Nations. 

The World Bank was set up to provide financial assistance for countries during the reconstruction post World War I phase. the World Bank directly asks the concerned government to show all its accounts and directs it to make changes in its economic policy.

The International Monetary Fund (IMF) is an intergovernmental organization that promotes international economic cooperation, focusing in particular on policies that have an impact on the exchange rate and the balance of payments.The organization’s stated objectives are to promote international economic cooperation, international trade, employment, and exchange rate stability, including by making resources available to member countries to meet balance of payments needs.

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The United Nations member states are the 193 sovereign states that are members of the United Nations and have equal representation in the UN General Assembly. The UN is the world's largest intergovernmental organization, ahead of the Organization of Islamic Cooperation. UN welcomed South Sudan as 193rd Member State on 14 July 2011.

The United Nations is an international organization aiming to maintain the peaceful equilibrium of the world by preventing wars between countries and aid in the development of living standards in the world. It has 193 sovereign countries as its members at present.

Each member of the Security Council has one vote. Decisions on procedural matters are made by an affirmative vote of nine members, including the concurring votes of all five permanent members. The negative vote of a permanent member is called a veto. The Council is powerless to act if any of the five permanent members use the veto power. 

The Council is composed of 15 Members: five permanent members: China, France, Russian Federation, the United Kingdom, and the United States, and ten non-permanent members elected for two-year terms by the General Assembly.

The United Nations Security Council is one of the six principal organs of the United Nations, charged with the maintenance of international peace and security as well as accepting new members to the United Nations and approving any changes to its United Nations Charter. Its powers include the establishment of peacekeeping operations, the establishment of international sanctions, and the authorization of military action through Security Council resolutions.

The Universal Declaration of Human Rights (UDHR) is a milestone document in the history of human rights. Drafted by representatives with different legal and cultural backgrounds from all regions of the world, the Declaration was proclaimed by the United Nations General Assembly in Paris on 10 December 1948 by a General Assembly resolution. Since then, the United Nations has gradually expanded human rights law to encompass specific standards for women, children, persons with disabilities, minorities and other vulnerable groups, who now possess rights that protect them from discrimination that had long been common in many societies.