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Explain the differences among the Agency for International Development (AID), the World Bank, and the International...

Explain the differences among the Agency for International Development (AID), the World Bank, and the International Monetary Fund (IMF).

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Answer #1

Following are differences:

  • WB acts as promoter of growth. it focuses on the eliminating poverty through the growth and developments. It seeks to promote such projects and economic activities that help in alleviating poverty and unemployment.
  • On other side, IMF focuses on financial stability. it seeks to promote financial stability and time to time, it also offers financial help to set right financial deformities in BOP. It also advises member countries on financial matters.
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