Question

Describe the purposes of the two global monetary institutions, the IMF and the World Bank.

Discuss the World Trade Organization and its impact on international business.

Posts should be written at the graduate level containing depth, accuracy of language, proof of critical thinking, and sufficient content to answer fully the prompt.

Answer 1

The purpose of IMF

The international cooperation is promoted by the IMF. The IMF provides policy advice and capacity development support to help countries to built and maintain healthy economies. The IMF also provides loans and help the countries by designing policy programme and solve balance of payment problem. The IMF loans are the medium and short term, funded mainly by the pool of quota contribution that its members provide

The purpose of the world bank

The long-term economic development is provided by the World Bank. It reduces poverty by providing technical and financial support to the countries which help to reform certain sectors or it helps to implement specific projects such as building schools and health sectors, providing water and electricity, protecting the environment. The loan of world bank is long-term and funded both by its member countries and through bond issuance.