Question

Write a minimum of 2 pages, using proper grammar.

Here's the assignment...

Visit the websites for the World Bank (www.worldbank.org) and the International Monetary Fund (www.imf.org.) These two organizations seem very similar at first glance.  How do you think the two institutions are different? Which one do you like better? In other words, which organization do you think does a better job at helping the world's poor? Do you see anything about either organization that you don't like?

Answer 1

The International Monetary fund and the world bank look similar at a first glance but they are different in many ways firstly we discuss the World Bank:-

*World bank promote the economic development of the world's poorer countries.

*World bank have a huge staff of 7000 drawn from 180 member countries.

*World Bank encourages the private sector means it gave strength to the private enterprise in developing countries through its associates,the International Finance Corporation (IFC).

*World Bank has an authorised capital,of which members pay in about 10 percent.

*It provide to the poorest developing countries whose capita GNP is less than $865 a year financial assistance through the International Development Association (IDA).

*It obtain most of its financial resources by borrowing on International bond market.

*It assist developing countries through long-term financing of development projects and programs.

The International Monetary fund:- *Believed in overseas International Monetary system.

*It promotes and it's stability and olderly exchange it's relations among its member countries.

*acquires it's financial resources from the quota subscription of its member countries.

*it has disposal Fully paid in quotas now totalling SDR(special drawing rights)

*it assist both industrial and developing country (those find themselves in temporary balance of payments difficulties by providing them short term to medium term credit).

*The International Monetary fund have a staff of 2300 drawn from 182 memeber countries.

World Bank is better in many ways,as it is a vital source for the developing country for the financial establishment.It promotes long term economic development and helps in poverty reduction by providing them techical and financial help.it helps in the implementation on social welfare projects like schools,hospital,water and electricity.