ABSTRACT
This study is an attempt how international Monetary fund (IMF) and the international bank for reconstruction and development (IBRD) play a critical role in the development of the Nigeria economy. The need of international financial institution (IMF, IBRD) is very imperative in the light of organizational objective. The reasons for embarking on this research is therefore, to problem into the role of international financial institution (IMF,IBRD) being implemented by the organization as well as project related to agriculture education, industry etc.
TABLE OF CONTENTS
Title i
Approval ii
Dedication iii
Acknowledgements iv
Abstract v
Table of content vi-viii
CHAPTER ONE
Introduction
Background of the study
Statement of the problem
Purpose/objective of the study
Significance of the study
Limitation of the study
Definition of terms
CHAPTER TWO
Review of related literature
Introduction and definition
Operational guidelines
The international monetary fund (IMF)
International Bank for Reconstruction and Development (IBRD)
Summary of literature review
CHAPTER THREE
Research methodology
Design of the study
Area of the study
Population of the study
Sample and Sampling technique
Sources of Data
Instrument for Data collection
Validation of the instrument
Distribution and retrieval of the instrument
Method of Data Analysis
CHAPTER FOUR
Presentation and interpretation / Analysis
Findings
Test of hypothesis
Discussion of findings
CHAPTER FIVE
Summary, conclusion and recommendation
Summary of findings
Conclusion
Recommendation
References
Appendix
CHAPTER ONE
INTRODUCTION
- BACKGROUND OF THE STUDY
The financial institutions are essential agents in the development of an economy.
They engage in financial inter-mediation which provides the needed financial resources to the various sections of the economy where they are required for purposes of development. These institutions because of the vital role they play in the economy are regarded as key agents in the economic development process of every occasion both the developing and the developed economies. 1.2 STATEMENT OF THE PROBLEM
In our country (Nigeria) today, there are various roles expected of the international financial institutions to enhance the development of the Nigeria economy. The institutions are the International Monetary Fund (IMF), International for Reconstruction and Development (IBRD) etc.
International Monetary Fund (IMF). The role expected from IMF.
- To promote international monetary co-operation through permanent institution which provides machinery for consultation and collaboration in international money problems.
- To facilitate the expansion and balances growth of international trade and to contribute thereby to the promotion and maintenance of high level of employment and real income and to develop the productive resources of all member nations.
The international Bank for Reconstruction and Development (IBRD). The roles expected from IBRD
- To shorter the loans extending to developing nations including Nigeria.
- To support for a wide variety of project related to Agriculture, Education, Industry, Electricity, Rural Development Tourism, Transportation population planning water supply and Tele-communication.
- PURPOSE/OBJECTIVE OF THE STUDY
These expected roles are to assess how international monetary fund (IMF) and international Bank for Reconstruction and Development contributes to the development of the Nigeria economy. The study is to assess the various problem and prospects of international financial institution (IMF) and (IBRD).
THE AIM OF THE STUDY IS
- To identify the international financial institutions that are involved in the development of Nigerian economy.
- To identify the role of these international financial institutions in the development of Nigeria economy.
- To find out the strategies employed by these financial institutions in the development of Nigeria economy.
- To find out the problems encountered by the financial institution in the development of Nigerian economy.
- To suggest possible solutions to the problems encountered by the financial institutions in the development of Nigerian economy.
- SIGNIFICANCE OF THE STUDY
This research work will help as many that are interested in financial institutions. Like IMF, IBRD.
INVESTORS: The Research work will be of immense benefit to the investors. It will help them to know how to invest in commercial enterprises in developing countries.
BANKING AND FINANCE STUDENTS: That will serve as a source of secondary data for students in banking and finance. It will also lender their scope of research.
GOVERNMENT: To know the problems facing all the international financial institutions (IMF, IBRD)
- RESEARCH QUESTIONS
The following research questions are intended to guide the researcher in this work.
- What are the financial institutions involved in the development of the Nigerian economy?
- What are the roles being played by the international financial institutions in the development of Nigeria economy?
- What are the strategies employed by the international financial institutions in the development of the economy?
- What problems do these financial institutions encounter?
- How are the problems solved?
- LIMITATION OF THE STUDY
Banking is defined as the business of receiving money from outside source as deposit, irrespective of the payment of interest, and granting of money bank and acceptance of credits.
Financial institutions refer to those organizations that are legally established either by the government or individuals to directly or indirectly control and manage the volume of money and credits in circulation.
- DEFINITION OF THE TERM
- ROLE: For the purpose of the research, role should mean and include all parts played and exhibited by financial institution in the development of Nigeria Economy.
- DEVELOPMENT: It is constructed to mean here, advancing to attain a higher economic state and improvement in the standard of living of the people.
- FINANCIAL INSTITUTION: It means and includes all these financial houses that are involved in the economic development of this nation.
- ECONOMY: In this research, economy should refer to the improvement of the standard of living of the people.
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