| The IMF... |
|
The
World Bank... |
| oversees
the international monetary system
|
|
Seeks
to promote the economic development
of the world's poorer countries
|
| promotes
exchange stability and orderly exchange
relations among its membercountries
|
|
Assists
developing countries through long-term financing of development projects and programs |
| assists
all members-both industrial and developing countries-that findthemselves in temporary
balance of payments difficulties
by providing short-to medium-term credit |
|
provides
to the poorest developing countries whose per capita GNP is less than $865 a year , special financial assistance through the
International Development Association (IDA). |
| supplements
the currency reserves of its members
through the allocation ofSDRs (special
drawing rights); to date SDR 21.4 billion has been issued tomember
countries in proportion to their
quotas |
|
Encourages
private enterprises in developing
countries through its affiliate the International Finance Corporation
(IFC) |
| draws
its financial resources principally
from the quota subscriptions of its membercountries |
|
acquires
most of its financial resources by borrowing
on the international bond market
|
| has
at its disposal
fully paid-in quotas now totally
SDR 145 billion (about $215 billion) |
|
has
an authorized capital of $184 billion,
of which members pay in about 10
percent |
| has
a staff of 2,300 drawn from 182 member countries |
|
has
a staff of 7,000 drawn from 180 member countries |