What is the role of (a)IMF and (b) World Bank in the International Market?

The International Monetary Fund and the World Bank are twin intergovernmental
pillars supporting the structure of the world’s economic and financial order. They were
the ones who helps countries to widen and strengthen the connections and economies
of the member nations. World bank is a development institution while IMF is a
cooperative institution that seeks to maintain an orderly system of payments and
receipts between nations.
The International Monetary Fund facilitates the expansion and balanced growth
of international trade and to contribute thereby to the promotion and maintenance of
high levels of employment and real income and to the development of the productive
resources of all members as primary objectives of economic policy. They help the
developing countries in terms of improvement of their financial system and to help
overcome monetary challenges that they face.
World Bank helps in the international market by making the countries more
developed and to progress their economic growth by raising productivity. They helped
developing countries to prosper so that they can participate and enhance their
participation in the world economy. By trading in the international market, countries who
are participating creates better job opportunities,reduces poverty and increases their
economic opportunity.
Both IMF and World Bank helps in the globalization today. Because of the
benefits they can provide especially to the developing countries, the countries gains
productivity and technological advances, the trading between countries is
prospering,and it helps to gain more opportunities because of the good relationship
between countries.