BrahMos WORLD INDIA MADHYA PRADESH BHOPAL WTN SPECIAL GOSSIP CORNER RELIGION SPORTS BUSINESS FUN FACTS ENTERTAINMENT LIFESTYLE TRAVEL ART & LITERATURE SCIENCE & TECHNOLOGY HEALTH EDUCATION DIASPORA OPINION & INTERVIEW RECIPES DRINKS BIG MEMSAAB 2017 BUDGET 2017 FUNNY VIDEOS VIRAL ON WEB PICTURE STORIES Mahakal Ke Darshan
WTN HINDI ABOUT US PRIVACY POLICY SITEMAP CONTACT US
N
W
T
logo
Breaking News

Know the ‘differences’ between International Monetary Fund and World Bank

Thursday - July 5, 2018 2:06 pm , Category : WTN SPECIAL

'Aims' and 'works' are different between International Monetary Fund and World Bank

JULY 05 (WTN) - You have heard many times about the International Monetary Fund and the World Bank. But do you know that there is a great difference between these two’s 'aims' and 'works'. The work of the International Monetary Fund is mainly to ‘stabilize the exchange rate’, the same World Bank’s aim is to ‘reduce poverty’ from the world.

Both of these organizations were established in the year 1945 as part of the ‘Bretton Woods Agreement’. Let you know, what are the difference between the 'objective' and 'works' of the International Monetary Fund and the World Bank?

International Monetary Fund

First of all let you know what is the function of International Monetary Fund?  Indeed, the international monetary fund is to promote 'monetary cooperation' internationally. Not only that, providing 'advice' and 'support' to facilitate the construction and maintenance of any country's economy is also a major in the works of the International Monetary Fund.

For your information, let you know that the International Monetary Fund also provides loans. One of the main objectives of the IMF is to promote international monetary cooperation through a permanent institution. Also to promote 'expansion' and 'balanced development' of international trade is also the work of the International Monetary Fund.

The International Monetary Fund provides only loans for 'policy improvement programs'. While the World Bank lends credit to developing countries, the resources of the International Monetary Fund can be used by the poorer nations as well as the wealthy countries.

World Bank

The objective of the World Bank is to reduce 'long term economic development' and 'poverty' in developing countries. For your information, let you know that the World Bank fulfill this by providing technical and financial assistance to member countries. With the help of the World Bank, there is help in the needy economic sectors and the implementation of specific projects in the needy countries.

The World Bank is a lending institution whose objective is to involve the economics of different countries in a comprehensive global economy and endeavor to eradicate poverty in developing countries. The World Bank lends a loan to both 'policy reform programs' and 'projects'.
Leave a Comment
* Name
* Email (will not be published)
*
* - Required fields