Supranational institution - Financial definition
Concise definition of the term supranational institution
A supranational institution is an entity that is formed by two or more national governments through international treaties. The purpose of creating a supranational institution frequently is to promote economic development or cooperation for the member countries.
Comprehensive definition of the term supranational institution
Examples of supranational institutions would be for example the International Bank for Reconstruction and Development (World Bank) or the European Investment Bank (EIB).