What is the differences between world bank and IMF?
IMF concerns itself with macroeconomics issues, such as balance of payment issues, international trade policy, and exchange rates. The founding idea was that there was a need for collective action on the international level for financial stability.
The World Bank, ideally, is to deal with issues more related
to structure within a country, such as how and what the
government spends money on, financial institutions, labor
markets and trade policies. The World Bank concerns itself more with development projects, which have been
controversial in the past, such as dam construction.
There is a major difference that world bank provide a long
term loan for distressed economy and member countries
where as IMF grants the short term loans to develop the
cyclical disturbance in economy.
Note-wta headquarter in Geneva Switzerland
World bank is working for world free poverty.
It's headquarters is in Washington dc .Jim yong Kim was d chairman of world bank. Kaushik basu is the chief economic advisor , he's from india. Total 188 countries are d members of world bank.
Imf stands for International monetary fund, established on 27 Dec 1945 but It's started its functioning on 1 march 1947.It's headquarters also is in Washington dc . Christine logarde is d chairman. Voting power of India in Imf is 2.44% whereas us is in 1st place with 17.49%.