Contrast between IMF and world bank?

Question

Contrast between IMF and world bank?

Answer 1

Fragin is correct.    Further...Aid to the Third World has done little to stimulate development but a great deal to perpetuate poverty and national and lending bureaucracies. In place of aid and loans, unhindered corporate capitalism and free trade will open the gates to economic growth and self-determination for underdeveloped countries. It is recognized by many observers that there remains much debate about the cures for underdevelopment.

www,worldbank.org

www.imf.org

Answer 2

The International Monetary Fund (IMF) is an international organization that oversees the global financial system by observing exchange rates and balance of payments, as well as offering financial and technical assistance.

World Bank (the Bank), is an internationally supported bank that provides loans to developing countries for development programs with the stated goal of reducing poverty. The World Bank differs from the World Bank Group in that the former comprises only the International Bank for Reconstruction and Development and the International Development Association, while the latter incorporates these entities in addition to three others.