1. IMF: international monetary fund; is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. WB: world bank;The World Bank is a vital source of financial and technical assistance to developing countries around the world. But, they are not a bank in the common sense; they have up of two unique development institutions owned by 187 member countries; the international bank for reconstruction and development (IBRD), and the international development association (IDA). The IBRD aims to reduce poverty in middle-income and creditworthy poorer countries. The IDA focuses on the world's poorest countries. In general, The world bank as the whole group provides low-interes loans, interest-free credits and grants to developing countries for a wide array of purposes that include investments in education, health, public administration, infrastructure, financial and private sector development, agriculture and environmental and natural resource management.




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