Sunday, January 5, 2020

The Role Of International Monetary Fund And The World Bank...

Introduction Considering the international organizations all could be a complex function in terms of the World problems. This essay discusses the role of the International Monetary Fund and the World Bank positions in the World life. The essay will reflects the two organizations purposes, also provide an inside to the operation system, decision making, structure and shows some example for the failure or success of the institutions. Finding International Monetary Fund (IMF) aims to maintain and defeat and sometimes to restrain the financial crises. (BBC, 2012) Basically it was created to avoid another Great Depression with an economical cooperation. It was founded more than 60 years ago at the end of the II World War. (International Monetary Fund, 2015) Mostly the institution has directed to focus the developing world. Nowadays there are few purposes of the IMF such as monetary stability, exchange rate stability, facilitate trade, help their members with balance the payment difficulties and also to help with the poverty reduction. (International Monetary Fund, 2015) The International Bank for Reconstruction and Development which was the forerunner of the World Bank (WB) - was established to handle post-war renewal. Nowadays the organisation is the biggest leading development institution and basically operating for growth and poverty decrease. Owned by the governments of its 188 member states, the Bank channels loans and grants and advises low and middle-incomeShow MoreRelatedThe International Monetary Fund And World Bank Group1644 Words   |  7 PagesThe International Monetary Fund and World Bank Group The International Monetary Fund (IMF) and the World Bank have had enormous impact upon the world’s economies since their inception, after World War II. 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