Question

Describe the roles of the World Bank, International Monetary Fund, and World Trade Organization as international financial and trade institutions.

Answer 1

Role of World Bank are as follows-

A. It facilitates reconstruction which led to creation of International Bank for reconstruction and development.

B. It helps in financial and monetary stability which led to creation of International monetary Fund.

C. One of the goal of World Bank is to restore and explain trade.

D.it has also a goal of good governance and fight against corruption by providing debt relief and poverty reduction aids.

Role of International monetary Fund as follows-

A. It promotes exchange rate stability between different countries.

B. It help to deal with balance of payment adjustment

C it helps by showing loans to countries with financial crisis.

D. It is used technical assistant and economic training.

Role of World Trade organisation is as follows-

A. It plays a role in in promotion of free international trade.

B.it also helps in providing a common institutional framework for implementation of various agreements which are trade oriented.

C. The goal of World Trade organisation is to provide fair platform to its member country to help in service like imports and exports