The World Bank and the International Monetary Fund are two organizations used interchangeably, but operate very differently from each other. The World Bank and the International Monetary Fund were created after World War II to help stabilize the international economy. The IMF mainly focuses on international affairs and finances around the world, while the World Bank directs its attention to developing countries. The United States and the People's Republic of China are two of the largest members of the IMF and the World Bank, contributing through their efforts to develop and strengthen the economies of other member countries. The World Bank is best described as a multilateral organization, meaning that it is owned and contributed to by many countries and governments. The World Bank is an internationally supported bank that provides financial and technical assistance to developing countries for infrastructure programs such as the construction of bridges, roads, hospitals and schools, with the primary objective of reduce poverty and improve the way a developing country's government is run. . The World Bank receives its funds by borrowing from capital markets and transferring them as loans, adding its operational costs to the cost of the loan because it is a non-profit organization. The United States, most of Europe and Japan, for example, are not developing countries and therefore do not borrow from the World Bank, but they provide the capital. In addition to providing the necessary funds for development programs, the World Bank also provides countries with access to a team of design experts who help implement and plan projects. The highest authority in the world....... middle of paper. .....and lends money only when a country's spending exceeds more money than it earns. I think the World Bank and the International Monetary Fund are very important organizations, it would be difficult to choose a “favorite” because they are both very different. However, I lean a bit towards the World Bank because of its achievements in helping developing countries build infrastructure. IMF loans and bailouts harm the international economy because they appear to worsen the economic crisis for one while trying to help the other. Both organizations, the World Bank and the International Monetary Fund, were created with two goals in mind: to help underdeveloped countries and to eliminate world poverty. Although they were different, they worked together to achieve their goals in helping the international world..