The International Monetary Fund (IMF) and World Bank stand as two of the most influential financial institutions in global economic governance, yet their distinct roles and functions are often misunderstood. Both organizations emerged from the historic Bretton Woods Conference in 1944, designed to foster international economic cooperation and stability in the post-World War II era.…
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Understanding the World Bank and IMF: Key Differences
When discussing global finance and economic development, two institutions often dominate the conversation: the World Bank and the International Monetary Fund (IMF).Though they are frequently mentioned together, their roles, structures, and missions are quite different.Both organizations were created in the aftermath of World War II to help stabilize the global economy and foster prosperity. However,…