World Bank funding provides a resource to countries to utilize the services of global companies to accomplish their objectives. Some of these challenges have complicated causes; some result from the conflict between nations and the global financial crisis.
The IMF also issues member country reports that investors use to make well-informed decisions. Inthe terms for their cooperation were set out in a concordat to ensure effective collaboration in areas of shared responsibility.
Property taxes are equitable and efficient, but underutilized in many economies The IMF has also strengthened its analysis of macro-critical structural reforms to the macroeconomy to help countries promote durable and inclusive growth.
The IMF also offers precautionary credit lines for countries with sound economic fundamentals for crisis prevention. Greater lending flexibility.
The World Bank charges a fee of about 1 percent to cover its administrative overheads. This indicates that IMF lending does not impose a burden on creditor countries, as lending countries receive market-rate interest on most of their quota subscription, plus any of their own-currency subscriptions that are loaned out by the IMF, plus all of the reserve assets that they provide the IMF.
Since then the world has changed dramatically, bringing extensive prosperity and lifting millions out of poverty, especially in Asia.