MAINS 2013 · GS II · INTERNATIONAL RELATIONS

The World Bank and the IMF, collectively known as the Bretton Woods Institutions, are the…

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2013 GS Paper II International Relations

GS Paper II 10 marks 150 words International Relations

Question

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The World Bank and the IMF, collectively known as the Bretton Woods Institutions, are the two inter-governmental pillars supporting the structure of the world's economic and financial order. Superficially, the World Bank and the IMF exhibit many common characteristics, yet their role, functions and mandate are distinctly different. Elucidate.

Syllabus link: GS II – International Institutions: Important International institutions, agencies and fora- their structure, mandate.

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