(i) UNESCO: UNESCO was set up to promote coordination between members keeping in mind the fact mere economic and political arrangements are not enough to ensure growth and stability in member states.
By promoting culture, preserving the heritage, sharing knowledge and understanding that are beneficial for the whole of mankind, UNESCO aims to aid sustainable development and foster greater cooperation between nations.
(ii) World bank and IMF: These two sister institutions were started in order to aid the economies of various nations which had suffered immense losses subsequent to the Second World War.
The World Bank aids member states by providing loans to member states for the purpose of development and raises its funds by way of the world'* financial markets.
