New Enroll in our GIC Finance Online Course Here!

    Register

    Question

    Which of the following options accurately describes the

    focus of the World Bank's and IMF's respective reports?
    A The World Bank publishes annual reports on global economic growth and forecasts, while the IMF publishes reports on poverty reduction and development programs. Correct Answer Incorrect Answer
    B The World Bank publishes reports on poverty reduction and development programs, while the IMF focuses on global economic growth and forecasts. Correct Answer Incorrect Answer
    C Both the World Bank and the IMF publish reports on global economic growth and forecasts. Correct Answer Incorrect Answer
    D The World Bank primarily focuses on global economic growth and forecasts, while the IMF focuses on poverty reduction and development programs. Correct Answer Incorrect Answer
    E Both the World Bank and the IMF primarily focus on poverty reduction and development programs. Correct Answer Incorrect Answer

    Solution

    The World Bank Group works with developing countries to reduce poverty and increase shared prosperity, while the International Monetary Fund serves to stabilize the international monetary system and acts as a monitor of the world ’ s currencies . The World Bank Group provides financing, policy advice, and technical assistance to governments, and also focuses on strengthening the private sector in developing countries . The IMF keeps track of the economy globally and in member countries, lends to countries with balance of payments difficulties, and gives practical help to members .

    Practice Next

    Relevant for Exams: