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Quiz 2
Quiz 2
The IMF provides extensive assistance to low-income countries through strength and
monitoring programs, as well as budgetary provisions, to assist them in achieving or recovering
a macroeconomic state conducive to robust and long-term poverty reduction and development.
It currently has a key position in the control of problems with the payment balance and world
economic catastrophes.
World Bank
The World Bank supports long-term growth in the economy and the elimination of
poverty by offering technical and financial assistance to assist nations in developing new
processes or projects like the construction of schools, the provision of water and electricity,
disease prevention, and environmental protection. It is significant because it promotes global
economic participation, which helps to reestablish and preserve globalization's positive effects.
WTO serves as a platform for nations to discuss trade deals. The major purpose of the
World Trade Organization is to maintain the most efficient, predictable, and unrestricted flow of
trade. It is an important component of the organization as it could improve economic growth and
aid in nation-building.