Though both the World Bank and the International Monetary Fund (IMF) were created at an international conference at Bretton, they are not the same. Both the organisations have different functions and priorities.
While the World Bank works to reduce poverty, the International Monetary Fund (IMF) strives to bring stability to the world’s monetary system.
The IMF is a firm that checks a nation’s financial health, providing economic assessment every year. It also provides financial aid under several policies. The members of the International Monetary Fund (IMF) work together to improve global financial cooperation, and promote international trade and economic growth.
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