Question

4. What is the World Bank and what does it do? 5. What is the IMF and what does it do?

Answer 1

4: The World Bank is an international organization. It aims to combat poverty by offering assistance to lower income countries for developmental purposes. The Bank renders loans and offers advice and training in the private and public sectors as part of its functions. The World bank assists the development of its member Countries. It promotes and supplements private foreign investment and balance growth in international trade.

5: The International Monetary Fund is an organization which  aids economic development and builds lending and capacity of economies/. It assists in stabilizing exchange rates,provides credit facilities and takes the onus of maintaining balance Between Demand and Supply of Currencies. It also provides technical assistance to economies and lends money to members for balance of payment problems.