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IMF and World Bank at a Glance

International Monetary Fund 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 member countries. Assists developing countries through long-term financing of development projects and programs.
Assists all members - both industrial and developing countries - that find themselves in temporary balance of payments difficulties, by providing short-to medium-term credits. Provides the poorest developing countries whose per capita GNP is less that US$1,200 a year special financial and technical assistance through the International Development Association (IDA).
Supplements the currency reserves of its members through the allocation of SDRs (special drawing rights); SDRs are issued to member countries in proportion to their quota. 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 member countries. Acquires most of its financial resources by borrowing on the international bond market.
Has at its disposal fully paid-in quotas.  Has an authorised capital base.
Has a staff of about 2,700 from over 123 countries. Has a staff of 11,103. Of this, 4518 are international staff, 6103 are national staff (US citizens at Headquarters and locals in regional offices), 377 long-term consultants and 105 long-term temporaries.

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