structure business model duties and responsibilities of IMF and World bank
The International Monetary Fund (IMF) and the World Bank are two international organizations that work together to promote global economic growth and development. They were established at the Bretton Woods Conference in 1944, and their headquarters are located in Washington, D.C. The IMF is responsible for maintaining the stability of the international monetary system—the system of exchange rates and international payments that enables countries to transact with each other. It does this by providing policy advice and financial assistance to its member countries, which are typically developing or newly industrialized nations. The IMF's main tools for achieving its goals are surveillance of the global economy and financial assistance to countries experiencing economic difficulties. The World Bank, on the other hand, is focused on promoting economic development and reducing poverty in its member countries. It does this by providing loans, guarantees, technical assistance, and policy ...