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11 Difference Between World Bank And Imf

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1. The IMF exists primarily to stabilize exchange rates, while the World Bank’s goal is to reduce poverty.  2. Focus on: IMF: Economic Stability WORLD BANK: Economic Growth 3. Size: IMF: 2300 staff members WORLD BANK: 7000 staff members 4. The Bank is primarily a development institution; the IMF is a cooperative institution that seeks to maintain an orderly system of payments and receipts between nations. 5. The World Bank has one central purpose: to promote economic and social progress in developing countries by helping to raise productivity so that their people may live a better and fuller life. 6. You go to the World Bank when you want to build a dam or power plant or a road. You go to the IMF when you are so fucked up that your currency is dropping like crazy.  7. World Bank is a bank. Meaning it borrows money from investors around the world and then lends to the poor governments that are building projects that help them out of poverty. 8. The International Monetary Fund promotes monetary cooperation internationally and offers advice and assistance to facilitate building and maintaining a country’s economy. 9. Organizational Structure IMF: It is a single organization with four credit lines. World Bank: It has two major institutions, namely International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). 10. Membership: IMF: 188 countries World Bank: IBRD - 188 countries IDA - 172 countries 11. IMF draws its financial resources principally from the quota subscriptions of its member countries. World bank acquires most of its financial resources by borrowing on the international bond market.
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Text Comments (4)
Rupali singh (7 months ago)
Iftikhar hussain (7 months ago)
Star Gazer (1 year ago)
1:42 i was taking notes for my project and i actually noted this down in that. it was 10 sec later when i already moved on to point 8 when i was like wait wtf?!
Nokuthula Ngcobo (11 months ago)
you ain't alone dude same happened to me as I type

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