Question

1.Does the IMF help the poor countries? If so, how?

2.List at least 5 different between IMFn and world Bank.

3.Discuss on the situation of COVID19 disaster. How can the country raise fund to develop the countries? Which organization can help the countries to loan the money?

Answer 1

1. Yes, IMF does help poor countries as-

A .It provides with loans to poor countries to help them overcome economic difficulties

B. It provides with concessional loans to poor countries to fight and overcome poverty

C. It also provides with technical assistance to those poor countries to counter poverty.

2. DIFFRENCES BETWEEN IMF AND WORLD BANK-

A.IMF maintains economic stability while World bank focuses over economic development.

B.World bank is larger in size than IMF and has more employees than IMF

C.IMF objectives is to promote monetary development and related to financial sector while World bank is focused at overall economic development

D.IMF provides advices and assistance to a country while World bank facilitates Lending

E. IMF is comprised of 188 member nations while World bank has 188 IBRD Nations and 172 IRD nations

3. Covid 19 is highly contagious and has put the entire economy into lockdown of Different countries and Each country is dealing with their problems. World health organization has termed it a pandemic.They can raise fund through various fundraising programs and opening up with public funds.

World bank can provide loans in such situations to many countries as one of the functions of World bank is to facilitates Lending.