David_TheMan
Veteran
My guy, you really need to take the time to read what you are talking about.No those organizations deal with member countries.
The BIS deals with central banks and international financial institutions.
There's a clear difference.
BIS is about the control of the money system.
They are not giving out loans to countries.
BIS deals with central banks and international financial institutions.
IMF deals with central banks, its board of governors are the head of the nations central bank or treasury.
There is no difference.
BIS mission statement : Our mission is to support central banks' pursuit of monetary and financial stability through international cooperation, and to act as a bank for central banks.
IMF mission statement: The IMF has three critical missions: furthering international monetary cooperation, encouraging the expansion of trade and economic growth, and discouraging policies that would harm prosperity. IMF functions as a International lender of last resort.
I think your confusion comes in because you seriously don't understand what a central bank outside of the ECB, central banks typically are tied to a sovereign nation and are nationalized, that is they are loans to nations.