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Shenali D Waduge Both the World Bank and the IMF were founded in 1944 at the Bretton Woods conference. The World Bank is tasked to aid developing nations in reducing poverty and increasing their well-being. The IMF’s main purpose is to stabilize the international monetary system and oversee the world’s currencies. The World Bank offers financing, policy advice, and technical assistance to governments, and also focuses on strengthening the private sector in developing countries. The IMF keeps track of the economy globally and in member countries, lends to countries with balance of payment difficulties, and gives practical help to members.” Thus IMF & World Bank are the left & right hands of

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