2.6.6 The role of the International Monetary Fund (IMF) and the World Bank

• What is one of the IMF's functions in international finance?

  Surveillance
• During which crisis did the IMF provide emergency loans to stabilize economies?

  2008 financial crisis
• The IMF offers technical assistance to improve economic management and financial systems
• What are two examples of IMF lending programs?

  Extended Fund Facility and Standby Arrangements
• The IMF provides technical assistance to improve financial systems and economic management.

  True
• One of the World Bank's primary goals is to reduce global poverty
• Order the primary functions of the World Bank in international development

  1️⃣ Financing Development

  2️⃣ Promoting Sustainable Growth

  3️⃣ Fostering Inclusive Growth

  4️⃣ Offering Expertise
• The IMF's target beneficiaries are member countries in economic distress
• Where is the IMF headquartered?

  Washington, D.C.
• Order the primary functions of the IMF in international finance

  1️⃣ Surveillance

  2️⃣ Lending

  3️⃣ Technical Assistance
• What does the International Monetary Fund (IMF) stand for?

  International Monetary Fund
• During which crisis did the IMF provide emergency loans to stabilize economies?

  2008 financial crisis
• Match the World Bank's primary goals with their descriptions:

  Poverty Reduction ↔️ Improve living standards in developing countries

  Economic Development ↔️ Support growth through investment

  Environmental Sustainability ↔️ Promote sustainable practices

  Inclusive Growth ↔️ Ensure growth benefits all
• The World Bank provides loans and grants to finance development projects in low and middle-income countries
• What is the primary focus of the IMF in contrast to the World Bank?

  Financial stability
• The IMF and the World Bank together promote international cooperation and development
• Where is the International Monetary Fund (IMF) headquartered?

  Washington, D.C.
• The International Monetary Fund (IMF) is an international financial institution
• Match the objective of the IMF with its description:

  Global Monetary Cooperation ↔️ Encourages cooperation on monetary policy

  Financial Stability ↔️ Promotes stable financial systems

  International Trade Facilitation ↔️ Supports free and fair trade

  Sustainable Economic Growth ↔️ Strives for long-term growth
• The IMF provides loans to countries facing financial difficulties, subject to policy reforms
• The IMF monitors economic and financial developments of its member countries to promote global financial stability.


  True
• What role does the IMF play in promoting international monetary cooperation?

  Promotes financial stability
• The IMF's surveillance involves monitoring the economic and financial developments of member countries
• What is the primary goal of the World Bank?

  Reduce poverty
• The World Bank promotes environmental sustainability through its projects.

  True
• Match the IMF and World Bank with their primary focus:

  IMF ↔️ Global monetary cooperation and financial stability

  World Bank ↔️ Development and poverty reduction
• The World Bank is funded by quotas from member countries.

  False
• The IMF encourages global cooperation on monetary policy.

  True
• What does the IMF's surveillance function help promote?

  Global financial stability
• The IMF promotes global financial stability through its surveillance
• The IMF's primary goal is to eliminate global poverty.

  False
• What program did the World Bank support in India to improve primary education?

  Sarva Shiksha Abhiyan
• Arrange the World Bank's primary functions in international development:

  1️⃣ Financing Development

  2️⃣ Promoting Sustainable Growth

  3️⃣ Fostering Inclusive Growth

  4️⃣ Offering Expertise
• The IMF's funding sources come from borrowing in financial markets.

  False