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Commerce → Credit

Description

Credit is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately, but promises either to repay or return those resources at a later date. The resources provided by the first party can be either property, fulfillment of promises, or performances. In other words, credit is a method of making reciprocity formal, legally enforceable, and extensible to a large group of unrelated people.

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Organizations relating to Credit

International Development Association / Washington DC, USA / Est. 1960
Association of Credit Rating Agencies in Asia / Karachi, Pakistan / Est. 2001
Association of Asian Confederation of Credit Unions / Bangkok, Thailand / Est. 1971
Asociación Latinoamericana y del Caribe de Burós de Crédito / Est. 2004
Asia Pacific Loan Market Association / Central, Hong Kong / Est. 1998
Asia Pacific Smart Card Association / Shanghai, China
Enhanced Heavily Indebted Poor Countries Initiative / Washington DC, USA / Est. 1996
European Credit Research Institute / Brussels, Belgium / Est. 1999
Internationale Raiffeisen Union e.V. / Bonn, Germany / Est. 1968
EUROSMART / Brussels, Belgium / Est. 1995
Group of Three ABM / Est. 1987
Cartagena Group / Est. 1984
Jubilee South / Quezon City, Philippines
ECLOF International / Geneva, Switzerland / Est. 1946
Comité pour l'annulation de la dette du Tiers-monde / Liège, Belgium / Est. 1990
ECOWAS Network on Debt and Development / Benin City, Nigeria / Est. 1998
Opportunity International / Chicago IL, USA / Est. 1979
Institute of International Finance / Washington DC, USA / Est. 1983
Paris Club of Industrial Country Creditors / Est. 1956
Jubilee South - Asian Peoples' Movement on Debt and Development / Quezon City, Philippines
American Express Foundation / New York NY, USA
Freedom from Debt Coalition / Quezon City, Philippines / Est. 1988
Credit Union Foundation Australia / Sydney NSW, Australia
ILCU International Development Foundation / Dublin, Ireland / Est. 1980
Kuwait Fund for Arab Economic Development / Safat, Kuwait / Est. 1961
Observatori del Deute en la Globalització / Barcelona, Spain
Smart Card Alliance / Princeton Junction NJ, USA
Mastercard Foundation / Toronto ON, Canada / Est. 2006
International Association of Public Pawnbroking Institutions / Est. 1957
Association protestante internationale de prêt / Est. 1932
Latin American Business Credit Reporting Association / Panama, Panama / Est. 1997
Federación Interamericana de Instituciones de Crédito y Asesoria Municipal / Est. 1971
International Loans Tribunal
Organisation européenne de la protection du crédit textile
International Citizen debt Audit Network
Jubileo Sur / Americas / Managua, Nicaragua / Est. 1999
Fonds de garantie des investissements privés en Afrique de l'Ouest / Lomé, Togo / Est. 1995
Credit Professionals International / St Louis MO, USA / Est. 1937
International Association of Jewish Free Loans / Los Angeles CA, USA / Est. 1982
UNFCU Foundation / New York NY, USA / Est. 2015
West African Centre for Rural and Agricultural Credit Training / Nairobi, Kenya
East African Centre for Rural and Agricultural Credit Training / Nairobi, Kenya
Southern African Centre for Rural and Agricultural Credit Training / Nairobi, Kenya
International Convention for the Unification of Certain Rules Relative to Maritime Liens and Mortgages, 1967 / Est. 1967
Convention Regarding Investments in War-loans / Est. 1922
Revised General Arrangements to Borrow / Est. 1962
Treaty of Mutual Guarantee / Est. 1925
United Nations Convention on Independent Guarantees and Stand-by Letters of Credit / Vienna, Austria / Est. 1995
International Convention Respecting the Limitation of the Employment of Force for the Recovery of Contract Debts / Est. 1907
Vienna Convention on Succession of States in Respect of State Property, Archives and Debts / Est. 1983

View all profiles (197 total) in the Yearbook of International Organizations

World Problems relating to Credit

From the Encyclopedia of World Problems and Human Potential

External debt crisis
National public debt
Social hardships of economic reform
External national budget deficit
Government budget deficits
Burden of servicing foreign public debt
Overexploitation of underground water resources
Business bankruptcy
Excessive growth of social expenditure
Enforced curtailment of living standards in borrower nations
International indebtedness arising from insurance transactions
Restrictive conditions on loans through intergovernmental facilities
Insufficient national creditworthiness
Debt slavery
Export credit competition
Failure to to observe contractual terms of payments
Profit-oriented interest payments
Inadequate credit guidelines
Bad loans
Deteriorating terms of international financial loans to vulnerable countries
Lack of credit facilities for small and medium enterprises
Irregular payments of international financial obligations
Defaults on international loans
War debt
Unethical real estate practice

Action Strategies relating to Credit

From the Encyclopedia of World Problems and Human Potential

Financing energy efficiency
Relieving development assistance debt
Researching public debt and debt management
Tackling global debt issue
Endorsing permanent foreign debt settlement
Cancelling international debt
Developing social banking
Improving access of rural poor to credit
Providing loans for micro-enterprise
Enabling economic cooperatives
Facilitating economic structural adjustment
Slowing pace of structural adjustment
Providing guaranteed credits
Exposing effective negative loans from development banks to developing countries
Reducing commercial bank debt of heavily indebted countries
Financing
Developing global currency
Defining common standards for credit
Financial rescuing
Providing emergency loan guarantees
Providing loans
Using debt-for-nature swaps
Improving access of women to resources, technology and credit
Improving public debt relief for developing countries
Providing ethical mortgage

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