No products in the cart.

What is IMF and world bank

CBSE, JEE, NEET, CUET

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

What is IMF and world bank
  • 1 answers

Yogita Ingle 6 years, 11 months ago

International Monetary Fund (IMF) came into existence in 1945 with an aim to evolve an orderly international monetary system, i.e., facilitating system of international payments and adjustments in exchange rates among national currencies. Its headquarters is located in Washington DC. In 2005, it had 191 countries as its members.
The World Bank was initially created to help with economic development. It was originally formed shortly after World War II in an effort to rebuild the economies of war-torn countries, but its mission is now global in scope. The general mission of the World Bank is to provide long-term financing for economic development.

http://mycbseguide.com/examin8/

Related Questions

Explain the process of unification of Germany
  • 1 answers
What was zollverein formed
  • 1 answers
Describe the silesian weavers uprising
  • 0 answers

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

Test Generator

Test Generator

Create papers online. It's FREE.

CUET Mock Tests

CUET Mock Tests

75,000+ questions to practice only on myCBSEguide app

Download myCBSEguide App