Respuesta :
The correct answer is C.) To help poor countries
Explanation:
The Monetary Fund and the World Bank are financial institutions that aim at supporting developing countries through economic or financial support. In the case of the Monetary Fund, this was created in 1945 and its main purposes include facilitating trade or economic growth and support poor countries mainly by supporting their economy or providing sources. On the other hand, the World Bank was created in 1944, this similar to the Monetary Fund supports and help poor countries; however, this institution helps these countries by providing loans to governments can use to improve the life quality in countries or for projects.
C) To help poor countries
While both organizations are committed to the cause of promoting global financial and economic co-operation, they cater to different sectors of financial development. The IMF focuses on monitoring economic policies of all of its member nations, while the World Bank provides economic assistance to economically backward nations for building infrastructure, development, technology implementation, etc. The IMF primarily regulates the exchange values of world currencies, setting a maximum value for each of them, and also sets economic standards which allow member nations to understand their economic growth, and identify the economically poor segments, thereby working towards them. They also float loans to help a country undergoing several problems in their balance of payments and helps them to fulfill deficits, despite a hefty annum of interest. The member nations have to keep a basic standard of economic growth performance to continue to be members of the IMF and the World Bank.
Further Explanation:
Apart from making economic recommendations to the government on the basis of their economic performance, the World Bank and IMF also helps in facilitating global commercial and economic exchange among nations. This is essentially achieved by either dissolving custom barriers and tariffs, or by reducing them and establishing markets for important products in every member nation. These organizations also lend financial assistance to the various organizations of the United Nations and help them to allocate their financial resources towards several welfare projects around the world. The World Bank focuses on providing expert technical and fiscal assistance to the underdeveloped nations and developing nations, by advising their governments to implement their recommendations in their fiscal policies.
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Answer Details:
Grade: High School
Chapter: The United Nations and its Organizations
Subject: History
Keywords:
Financial co-operation, economic development, commercial exchange, stable currency rate, global trade networks, economic and financial recommendation, fiscal legislation.
