BY GROUP 4

WORL
D
VS
IMF
INTERNATIONAL MONETARY FUNDS

BANK
 WORL
D DEFINITIO IMF
N
BANK
The International Monetary Fund (IMF) was
: The World Bank, formally known as the
established in 1944 to prevent the re-
International Bank for Reconstruction and
emergence of nationalistic monetary
Development (IBRD), is a much larger
policies that contributed to the economic
institution, with a staff of 6,800. It was
turmoil of the 1930s.
established to assist in the post-war
reconstruction of war-torn countries,
It acts as a monitor of the world's
particularly in Europe.
currencies.

Membership in the IMF is a prerequisite for

The World Bank focuses on long-term
economic growth and poverty reduction
through lending for development projects.
joining the Bank, and both organizations
HISTORY
currently count more than 170 members.

Prevents the resurgence of misguided,

Its task is to rebuild the roads, bridges,
nationalistic monetary policies that led to
communications links, power systems, and
economic instability in the 1930s.
other basic building blocks of the
economies of the war-torn countries of
GOAL
Europe. S
 WORL
D HISTOR IMF
Y
BANK
The IMF was founded in 1944 during the
The World Bank was created in 1944 during
Bretton Woods Conference, along with the
the Bretton Woods Conference and began
World Bank. It began operations in 1946,
operations in 1946. Initially focusing on
focusing on stabilizing the international
specific development projects like
monetary system and supporting post-war
infrastructure development, its focus later
reconstruction efforts.
shifted to include projects that improved the
living standards of the rural and urban poor.

GOAL
S

IMPORTANCE

PROJEC
TS
 WORL
D GOA IMF
LS
BANK
The major aim of the IMF is to promote
The major aim of the World Bank is to
international monetary cooperation, ensure
promote long-term economic growth that
exchange rate stability, and facilitate the
reduces poverty in developing countries.
balanced growth of international trade.
The minor aim of the World Bank, is to
Its minor goals include providing financial
improve the productivity and living
assistance to countries in need, promoting
standards of the rural and urban poor.
economic stability, and offering technical
assistance in macroeconomic management.
The World Bank aims to provide loans for
general improvements in economic policies
to help countries use resources more IMPORTANC
effectively and achieve long-term growth. E

PROJECTS
 WORL
D IMPORTAN IMF
CE
BANK
The IMF plays a critical role in promoting
The World Bank provides crucial financial
global economic stability and facilitating
assistance to developing countries,
international trade by ensuring exchange
disbursing over $200 billion in loans for
rate stability and providing financial
projects and policy changes since its
assistance to member countries in need.
inception.

It monitors international transactions and

The World Bank offers technical assistance
offers technical assistance to promote a
to help countries implement economic
stable global monetary system.
reforms and improve governance. This
assistance is essential for countries facing
Additionally, the IMF's efforts to maintain
economic challenges and seeking PROJEC
balances of payments stability and support
sustainable development. TS
countries in times of economic crisis
contribute to overall economic stability
The World Bank's work has a global impact,
worldwide.
contributing to economic growth and
stability worldwide.
 WORL
D PROJEC
The World Bank funds a wide range of
BANK
projects, including infrastructure
development (such as roads, bridges, and
electric power lines), education, healthcare,
agriculture, and environmental protection.
Includes a training component to help
modernize farms, improve the skills of
teachers, and provide business know-how to
small entrepreneurs.
It provides loans for general improvements
in economic policies. These loans, known as
structural adjustment loans.
The World Bank's project loans also
influence economic policies.
IMF
TS
The IMF's projects and policies focus on
monitoring and influencing its members'
monetary and fiscal policies to ensure they
do not disrupt global economic stability.
It provides financial assistance to countries
facing balance of payments difficulties,
helping them overcome short-term
challenges.
The IMF also promotes the full
convertibility of currencies among its
members, which facilitates trade and
investment across borders.
 S I M I L A R I T I E S A N D C O O P E R AT I O N O F

WORLD BANK
AND IMF
The World Bank and the International Monetary Fund (IMF) were both established in 1944
at a conference of world leaders in Bretton Woods, New Hampshire, with the aim of placing
the international economy on a sound footing after World War II. While they are separate
institutions, they are often referred to as the "Bretton Woods institutions." Both institutions
have headquarters located across the street from each other in Washington, D.C.
 S I M I L A R I T I E S A N D C O O P E R AT I O N O F

WORLD BANK
AND IMF
The World Bank and the IMF have always been complementary institutions. But lending for
broad improvements in economic policies has led their staff to cross the street more often in
the last 10 to 15 years in order to step up their cooperation, The Bank hopes to create a
sounder basis for the success of the specific projects it creates, while the Fund is trying to
promote greater international monctary stability.