Exercises · Q5
Q.Distinguish between the roles of the IMF and the World Bank.
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Start your 14-day free trial to unlock the full solution →| Basis | IMF | World Bank (IBRD) |
|---|---|---|
| Established | 1944, Bretton Woods | 1944, Bretton Woods (sister institution) |
| Primary focus | Short-term monetary stability and balance-of-payments support | Long-term reconstruction and development finance |
| Typical lending | Short/medium-term loans to correct a payments crisis, often with policy conditions | Long-term project loans (infrastructure, agriculture, education, health) |
| Distinctive tool | Special Drawing Rights (SDR) as a reserve asset | A group of affiliates (IDA, IFC, MIGA, ICSID) for different financing needs |
| Core question it answers | 'Can this country meet its external payments obligations right now?' | 'How can this country build long-term productive capacity?' |
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