World Bank

The World Bank and the International Monetary Fund (IMF) were both created at the 1944 Bretton Woods Conference. The World Bank’s mandate is to lend to developing countries to fund capital programs to alleviate poverty. The IMF, an organisation of almost 200 countries, helps alleviate problems among member countries. Since the onset of the global financial crisis in 2008, the IMF has taken part in rescues of countries such as Greece.


Who said it?

PUBLISHED : Monday, 22 April, 2013, 12:00am
UPDATED : Monday, 22 April, 2013, 1:58am

For the first time in history, we have committed to setting a target to end poverty. We are no longer dreaming

Jim Yong Kim, president of the World Bank


Today health care has got phenomenal services … But what percentage of the people of this planet can afford it?

Indian surgeon Devi Shetty


The government wanted to eliminate local farms to lower the risk of bird flu after the pandemic in 1997, but it has had the opposite effect

Howard Wong Kai-hay, head of life sciences at City University


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