Sergei Shipitsin

Cryptocurrency project RociFi belongs to the DeFi sector, offering lending services. The project itself appeared relatively recently, so the developers pay special attention to protection and investment attractiveness for users.

In particular, the following conditions are offered for creditors:

• 80% of commission income goes to contributors. In most of these projects, this figure is significantly lower.
• There is no deposit blocking. This allows investors to withdraw their funds at any time without fear of being hacked by a hacker or being deceived by the founders of the project.
• Various strategies. Lenders can choose their own lending strategy. The most risky strategies reduce the level of risk, but increase profitability and vice versa.
• Increased protection against fraudsters. The developers have developed a whole system to weed out unscrupulous borrowers who can steal investors' funds.

There are also interesting conditions for borrowers:

• No KYC with collateral. This will allow anyone who wants to receive additional financing, but does not want to go through the identification procedure, to take loans.
• Low deposit ratio. Standard practice for beginning financial projects. However, this allows borrowers to get good credit without serious risks.
• Loans with a fixed term. This type of loan allows the borrower to repay the amount of debt gradually.
• Term loans. This type of loan is issued very quickly, but its conditions are slightly worse than those of a loan with a fixed term. Good for those who urgently need money.
• Grace period for institutional borrowers. This condition is intended to attract large borrowers to take advantage of the loan from the RociFi project.

FED performs five general functions to promote the effective operation of the U.S. economy and, more generally, the public interest. The Federal Reserve:

• conducts the nation's monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy;
• promotes the stability of the financial system and seeks to minimize and contain systemic risks through active monitoring and engagement in the U.S. and abroad;
• promotes the safety and soundness of individual financial institutions and monitors their impact on the financial system as a whole;
• fosters payment and settlement system safety and efficiency through services to the banking industry and the U.S. government that facilitate U.S.-dollar transactions and payments; and
• promotes consumer protection and community development through consumer-focused supervision and examination, research and analysis of emerging consumer issues and trends, community economic development activities, and the administration of consumer laws and regulations.

In addition to providing direct financial assistance to development countries, the World Bank provides analytical and advisory services to developing countries. Most often, this is an analysis of the current policies of certain countries and the development of recommendations for improvement.

Also, the World Bank is engaged in research work on topics such as poverty, environment, trade, globalization, economic and industrial sectors.

Another area is education. The organization conducts many events to disseminate knowledge on solving the problems of the development of countries. Most often, educational courses are held for politicians, officials, company owners and technical specialists.

• World Bank loans and grants total $45 billion today.
• Over 12,000 development aid and development projects in operation.
• The members of the organization are 189 countries, and representative offices are open in 130 countries.
• The headquarters is located in Washington, DC, USA.
• World Bank Group President is David Malpass (since 2019).

During its existence, the World Bank has repeatedly changed its structure of the organization. Therefore, at different times, different organizations were meant by the World Bank. Today, the World Bank includes five institutions and one group:

• The International Bank for Reconstruction and Development (IBRD)
• The International Development Association (IDA)
• The International Finance Corporation (IFC)
• The Multilateral Investment Guarantee Agency (MIGA)
• The International Center for Settlement of Investment Disputes (ICSID)

• To end extreme poverty: By reducing the share of the global population that lives in extreme poverty to 3 percent.
• To promote shared prosperity: By increasing the incomes of the poorest 40 percent of people in every country.

The Federal Reserve System was created on December 23, 1913. Prior to this, there were central banks in the United States that were not particularly successful in controlling financial institutions. In 1907, there was a banking panic that led to the idea of ​​creating a new central bank. After the crisis of 1907, legislators adopted an act that created the National Monetary Commission to work out possible options for reforming the monetary and banking sector. The result of the commission was the creation of the FED.

According to the law, the FED includes 12 federal reserve banks located in major cities, as well as about 3,000 commercial banks that are its members. The Federal Reserve System is an independent body in the US government - its decisions do not need the approval of the President, Congress or representatives of the judiciary. However, the US Congress often reviews the work of the FED and has the right to introduce a bill to change the rules of the FED.