i) To promote the welfare of the people of South Asia and improve their quality of life.
ii) To accelerate economic growth, social progress and cultural development in the region.

i) It paves way for market and investment opportunities for the member nations.
ii) It fosters co-operations in many areas including industry and trade.

i) SDRs (Special Drawing Rights) otherwise called 'Paper Gold'.
ii) SDRs are the form of international reserves created by the IMF in 1969.
iii) SDRs solve the problem of international liquidity.

(i) It facilitates the implementation and administration and operation of the objectives of the Agreement and the Multilateral Trade Agreements.
(ii) It provides a forum for negotiations among its members, concerning their multilateral trade relations in matters relating to the agreements.
(iii) It administers the understanding the rules and procedures governing the settlement of disputes.
(iv) It co-operates with the IMF and the World Bank and its affiliated agencies with a view to achieving greater coherence in global economic policy making.

(i) The World Bank is said to be successful in achieving its primary objectives of reconstruction and development of war ravaged nations.
(ii) It is noted that the bank's membership has increased from the initial number of 30 countries to 68 countries in 1960 to 151 countries in 1988.
(iii) The Bank grants medium and long term loans (i, e, payable over a period of 15 - 20 years) for reconstruction and development purpose to the member countries.
(iv) Initially the World Bank's loans were mainly directed at the European countries for financing their programmes of reconstruction.
(v) The World Bank grants loans to member countries only for productive purposes particularly for agriculture irrigation, power and transport.
(vi) The International Development Association (IDA) the Soft Loan Window of the Bank provides loans to UDCs at very low rate of interest.