If the Balance of Payment of a country is adverse, then International Monetary Fund (IMF) will help that country in providing the assistance to meet the financial needs. The IMF was initiated in 1944 at Bretton Woods Conference and came into operation on 27th December, 1945. In consists of 189 member countries. It is headquatered in Washington, D.C. It is a specialised agency of the United Nations. World Bank is an international financial organisation formed after the Bretton Woods Conference in 1944 , in USA. It has five organisations namely International Bank for Reconstruction and Development, International Development Assoication, International Finance Corporation, Multi-lateral Investment Guarantee Agency and International Centre for Settlement of Investment Disputes. World Trade Organisation succeeded the General Agreement on Trade and Tariff. WTO was established in 1995 after Uruguay Conference. It is headquatered in Geneva, Switzerland. Asian Development Bank was established in 1966 , headquatered in Manilla, Philippines.