The World Bank is an international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects. Its primary goal is to reduce poverty and support development by providing financial resources, expertise, and technical assistance to developing countries.
The main objectives of the World Bank are to reduce poverty and promote sustainable economic growth. It achieves these goals by providing financial resources for infrastructure projects, such as roads, schools, and hospitals, as well as supporting social programs, governance reforms, and capacity building. The IMF, or the International Monetary Fund, is an international financial institution that works to promote global economic stability and growth. It was established in 1944, along with the World Bank, during the Bretton Woods Conference.
The WTO, or the World Trade Organization, is an international organization that deals with the global rules of trade between nations. It was established on January 1, 1995, replacing the General Agreement on Tariffs and Trade (GATT). The main objective of the WTO is to facilitate the smooth flow of international trade by providing a framework for negotiating trade agreements, settling trade disputes, and enforcing rules. It aims to promote economic growth, development, and job creation worldwide.