Difference Between Imf And World Bank

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WORLD Bank The headquarters of the World Bank is in Washington DC, USA. They provide loans to developing countries for their development. Currently it has 187 member countries. USA is one of the key countries that govern the world bank. The current president of the World Bank is Robert B Zoellick Help in reconstruction and development of world economy ina nutshell, to lend money to countries in crisis and get them back on track again. mission Our work is challenging, but our mission is simple: Help reduce poverty. Organization Five Agencies, One Group The World Bank Group consists of five organizations: The International Bank for Reconstruction and Development (IBRD) lends to governments of middle-income and creditworthy low-income countries. The International Development Association (IDA) provides interest-free loans—called credits— and grants to governments of the poorest countries. The International Finance Corporation (IFC) provides loans, equity and technical assistance to stimulate private sector investment in developing countries. The Multilateral Investment Guarantee Agency (MIGA) provides guarantees against losses caused by non-commercial risks to investors in developing countries. The International Centre for Settlement of Investment Disputes (ICSID) provides international facilities for conciliation and arbitration of investment disputes. SPOTLIGHT: ORGANIZATIONAL UNITSPoverty Reduction and Economic Management NetworkThe Poverty Reduction and Economic Management Network contributes to the design of global and country policies and the building of institutions to achieve inclusive growth in developing countries. Member Countries | | | | | | | | | The organizations that make up the World Bank Group are owned by the governments of member nations, which have the ultimate decision-making power within the
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