What is the function of the Bank for International Settlements?

The Bank for International Settlements (BIS) primarily serves as a bank for central banks and aims to promote monetary and financial stability worldwide. Its main function is to foster international monetary and financial cooperation and serve as a platform for dialogue between member central banks. By facilitating this cooperation, the BIS enhances the stability of the global financial system, which is critical for dealing with cross-border financial challenges and fostering economic growth.

While the other options suggest roles that are important in the global financial landscape, they do not accurately reflect the core purpose of the BIS. The BIS does not primarily provide loans to developing nations, nor does it directly manage global monetary policies or regulate international currencies. Instead, it focuses on supporting central banks in their efforts to promote financial and monetary stability, thereby acting as a cornerstone for global economic cooperation. This distinction is vital for understanding the unique role that the BIS plays in the international financial system.