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Global South
Refers to countries with lower levels of economic and industrial development, typically found south of more developed nations.
Intergovernmental Organizations
Intergovernmental Organizations (IGOs) are formal institutions made up of two or more states that work together on common issues such as peace, security, trade, or the environment. They are established through treaties and operate under international law, meaning member states are legally bound by the organization’s rules.
International Financial Institutions
International Financial Institutions (IFIs) are a specific type of IGO focused on economic and financial issues. They play a vital role in stabilizing economies, promoting development, and facilitating international trade.