- 5 Marks
AFM – Nov 2016 – L3 – Q5b – Emerging issues in finance and financial management
Compare the functions of the IMF and World Bank and outline challenges faced by the IMF in West Africa.
Question
The International Monetary Fund (IMF) and the World Bank are institutions in the United Nations system. They are twin intergovernmental pillars supporting the structure of the world’s economic and financial order.
Required:
i) Compare and contrast THREE functions of the International Monetary Fund (IMF) and the World Bank. (3 marks)
ii) Explain TWO challenges being faced by the IMF in attaining its objectives in West African Countries. (2 marks)
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