The IMF and the World Bank

The IMF and the World Bank
Introduction
            The World Bank is a multinational financial institution whose major role is to provide financial aid to developing nations. The loans are normally used on capital programs. The International Monetary Fund (IMF) on the other hand in also a multinational financial initiation that was built to improve the economic stability of its member countries. The two have all been categorized as global financial institutions. All member states of the World Bank are also members of the IMF (Peet, 2012). This paper intends to examine the roles played by the….

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