The World Bank and the International Monetary Fund are two organizations that are used interchangeably, but function very differently from each other. Both the World Bank and the International Monetary Fund were created in the post-World War II period to help stabilize the international economy. The IMF focuses primarily on international business and finance around the world, while the World Bank turns its attention to developing countries. The United States and the People's Republic of China are two of the major members of both the IMF and the World Bank, contributing their efforts to the expansion and consolidation of the economies of other member countries. The World Bank is best described as a multilateral organization, meaning that it is owned by and contributed to by many nations and governments. The World Bank is an internationally supported bank that provides financial and technical assistance to developing countries for infrastructure programs such as building bridges, roads, hospitals and schools, with the main objective of reducing poverty and improving the world in which the government of a developing country is managed. . The World Bank receives its funds by borrowing from capital markets and transferring resources in the form of loans, adding its operating costs to the cost of borrowing because it is a non-profit organization. The United States, most European countries, and Japan, for example, are not developing countries, so they do not borrow from the World Bank, but are the countries that 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. ...and lends money only when a country's spending exceeds the money it is earning. I think both the World Bank and the International Monetary Fund are very important organizations, it would be difficult to choose a “favorite” because they are both so different. However, I lean a bit towards the World Bank because of its track record in helping developing countries build infrastructure. IMF loans and bailout packages are hurting the international economy because they appear to be making the economic crisis worse for one by 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 eliminate poverty from the world. Although they are different, they have worked together to achieve their goals by helping the international world.