The International Monetary Fund (IMF) is an international financial institution that provides monetary cooperation and financial stability to its member countries, aiming to facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
A key institution of the World Bank Group, the IBRD provides loans and financial services to middle-income and creditworthy low-income countries aimed at reducing poverty and promoting economic development.
The term 'World Bank' refers to the collective institutions including the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), and the International Finance Corporation (IFC). These entities work globally to reduce poverty and support development.
