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| 1. |
Describe the IMF and world bank |
| Answer» IMF is International Monetary Fund which gives loans to the government when they are in need of funds. It is the biggest moneylender for any country in the world. However, IMF gives loans to the countries after examining their accounts and even suggests them to change their economic policies.The World Bank\xa0 is an international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA). The World Bank is a component of the World Bank Group. | |