Differences:

1. Different responsibilities:

The International Monetary Fund monitors currency exchange rates and trade conditions of various countries, provides technical and financial assistance, and ensures global The financial system is functioning normally.

The World Bank mainly provides long-term loans to member countries.

2. Different main businesses:

The main business activities of the International Monetary Fund are: providing loans to members, promoting international cooperation on currency issues, and studying issues related to the reform of the international monetary system. , study to expand the role of the Fund, provide technical assistance and strengthen ties with other international institutions.

The main business of the World Bank is loan projects and non-loan assistance.

3. Different establishment purposes:

The International Monetary Fund was established to adjust international monetary relations.

The World Bank is an international financial organization that mainly coordinates long-term loans and investments in developing countries. Its purpose is to provide long-term (generally 50 years) loans and investments to member countries in developing countries. to promote its economic development and improvement of production levels.

Contact: Both were based on the decisions of the Bretton Woods Conference in July 1944. The World Bank (International Bank for Reconstruction and Development) and the International Monetary Fund were established at the same time on December 27, 1945. Headquarters are located in Washington. Both agencies are specialized agencies under the United Nations.

Contact

Both are based on the decisions of the Bretton Woods Conference in July 1944, the World Bank (International Bank for Reconstruction and Development) and the International Monetary Fund on December 27, 1945. was established at the same time. Headquarters are located in Washington. Both agencies are specialized agencies under the United Nations.

Extended information:

Main functions of the International Monetary Fund:

1. Formulate exchange rate policies among member countries, current account payments and currency convertibility rules and supervise;

2. Provide emergency financial facilities when necessary to member countries experiencing balance of payments difficulties to prevent other countries from being affected;

3. Member states provide meeting venues for international monetary cooperation and consultation;

4. Promote international cooperation in the financial and monetary fields;

5. Promote the pace of international economic integration;

6. Maintain the international exchange rate order;

7. Assist member states to establish a regular multilateral payment system, etc.

The goals of the World Bank:

1. End extreme poverty and reduce the proportion of the population living on less than US$1.25 a day to less than 3%.

2. Promote shared prosperity and promote the income growth of the bottom 40% of the population in each country.

Reference materials: Baidu Encyclopedia-International Monetary Fund

Reference materials: Baidu Encyclopedia-World Bank