Whats the diiference between world bank, imf, and gatt?

Question

Whats the diiference between world bank, imf, and gatt?

Answer 1

The World Bank is an internationally supported bank that provides loans to developing countries for development programs with the stated goal of reducing poverty.

The International Monetary Fund 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.

GATT's main objective was the reduction of barriers to international trade. This was achieved through the reduction of tariff barriers, quantitative restrictions and subsidies on trade through a series of agreements.

Answer 2

World Bank is an internationally supported bank that provides loans to developing countries for development programs with the stated goal of reducing poverty.

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.

GATT was a treaty, not an organization. The functions of the GATT were taken over by WTO in the early 1990s. The GATT's main objective was the reduction of barriers to international trade. This was achieved through the reduction of tariff barriers, quantitative restrictions and subsidies on trade through a series of agreements.