International Monetary Fund (IMF) And The World Bank

Question 1

IMF and the world bank creation?

Answer 1

Were both created by representatives of 44 nations, who met at bretton woods, new hampshire, in 1944, shortly before the end of World War ll.

Question 2

Why was the IMF established?

Answer 2

To rescue countries from financial crisis like the one that brought hitler to power in germany and paved the way for World War ll

Question 3

What dose the World bank do?

Answer 3

Focuses on preventing war by promoting economic developement in poor countries. The world bank provides havily subsidized loans to poor goverments in an effort to help them build infrastucture such as roads

Question 4

International Monetary Fund (IMF) is?

Answer 4

A multiateral organization designed to standardize global financial relations and exhange rates

Question 5

World Bank is?

Answer 5

A multi alterd organization designed to provide financing advice, and research to developing nations to aid their economic advancement

Question 6

What is the IMF often considerd?

Answer 6

A “lender of last resort” to nations whose economics are in trouble and whose currencies are losing value