Question

The IMF and the World Bank were conceived for ?

• A. Strengthening international economic co-operation and to help create a more stable and prosperous global economy
• B. IMF promotes international monetary cooperation
• C. The World Bank promotes long term economic development and poverty reduction
• D. All of $1,2$ and $3$

Answer 1

Answer: (D)

All of $1,2$ and $3$

The International Monetary Fund (IMF) and the World Bank are institutions in the United Nations system.
They share the same goal of raising living standards in their member countries.
Their approaches to this goal are complementary, with the IMF focusing on macroeconomic and financial stability issues and the World Bank concentrating on long-term economic development and poverty reduction.