Functions of IMF, WB, WTO
Understand the Problem
The question is asking for the functions of the International Monetary Fund (IMF), World Bank (WB), and World Trade Organization (WTO). This relates to understanding the roles and objectives of these global financial institutions.
Answer
IMF ensures financial stability; WB focuses on economic development; WTO manages trade rules.
The IMF ensures financial stability and economic growth through exchange rate stability and international cooperation. The World Bank focuses on long-term economic development and poverty reduction. The WTO manages trade rules, settlements, and promotes free trade among nations.
Answer for screen readers
The IMF ensures financial stability and economic growth through exchange rate stability and international cooperation. The World Bank focuses on long-term economic development and poverty reduction. The WTO manages trade rules, settlements, and promotes free trade among nations.
More Information
The International Monetary Fund (IMF), World Bank, and World Trade Organization (WTO) all have distinct yet complementary roles in the global economy. They collectively influence global financial stability, economic growth, development, poverty reduction, and adherence to international trade rules.
Sources
- The IMF and the World Trade Organization - imf.org
- The World Bank, the International Monetary Fund, and the World ... - carnegieendowment.org
- What is the IMF? - International Monetary Fund (IMF) - imf.org
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