Difference between IMF and World Bank
International Monetary Fund (IMF) The IMF was established in 1944 to promote global financial stability and economic growth. It oversees the global monetary system and provides financial assistance to countries experiencing balance of payments problems. The IMF also provides policy advice and technical assistance to help countries improve their economic performance. The IMF has 190 member countries. World Bank The World Bank was established in 1944 to provide financial assistance to developing countries for economic development and poverty reduction. It provides loans, grants, and technical assistance to help countries invest in infrastructure, education, healthcare, and other social and economic programs. The World Bank has 189 member countries. Key Differences The main difference between the IMF and the World Bank is their focus. The IMF is focused on macroeconomic and financial stability, while the World Bank is focused on long-term economic development and poverty reductio...