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Country borders or names do not necessarily reflect the World Bank Group's official position. This map is for illustrative purposes and does not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any country or territory or concerning the delimitation of frontiers or boundaries.
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. [5] The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA ...
- July 7, 1944 (79 years ago)
- World Bank Group
- 189 countries (IBRD), 174 countries (IDA)
- Location of The IMF Headquarters
- IMF Responsibilities
- Achievements of IMF
- Challenges Facing IMF
The IMF is located in Washington, D.C., United States of America. The headquarters has two buildings across the street from one another. Their names are Headquarters 1 and Headquarters 2. Headquarters 1 is located on 720 19th street while Headquarters 2 is located on 1900 Pennsylvania Avenue Washington, DC. The current managing director of IMF is C...
The core responsibility of IMF is to ensure that the international monetary system is stable. This is done by strengthening the system of exchange rates and international payments to enable countries to trade with each other. IMF’s other responsibilities include facilitating international trade and promoting high employment by allowing citizens of ...
The IMF has been able to establish a monetary reserve fund which has helped to achieve a sizeable stock of currencies for different member countries. It has also been able to check competitive currency devaluation which boosts trade between many countries. It has also ensured no interference in domestic affairs either directly or indirectly of othe...
There are several challenges, both local and global which are facing the IMF. Despite its effort to eradicate poverty, many people blame IMF for causing financial problems within some countries and areas. Also, determining how inclusive growth can be achieved has become a challenge. They are also facing tensions on the trade front and financial ris...
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Jan 18, 2019 · The World Bank Group provides financing, policy advice, and technical assistance to governments, and also focuses on strengthening the private sector in developing countries. The IMF keeps track of the economy globally and in member countries, lends to countries with balance of payments difficulties, and gives practical help to members.
The International Monetary Fund (IMF) and the World Bank share a common goal of raising living standards in their member countries. Their approaches to achieving this shared goal are complementary: the IMF focuses on macroeconomic and financial stability while the World Bank concentrates on long-term economic development and poverty reduction. Want to know more, watch this CNBC explains video ...
Feb 5, 2015 · The International Monetary Fund (IMF) and what is now known as the World Bank, were set up to manage the post-World War II global economy. They were conceived in 1944 at a conference in Bretton ...
The World Bank. 1818 H Street, NW Washington, DC 20433 USA. Tel : (202) 473-1000.
