Distinguish between Asian Development Bank and International Monetary Fund.

CS Professional · Corporate Funding & Listings in Stock Exchanges · PYQS · June 2019
Distinguish between Asian Development Bank and International Monetary Fund.

Answer & Explanation:

Asian Development Bank: Asian Development Bank (ADB) assists its member and partners, by providing loans, technical assistance, growth and other equity investments to promote social and economic development ADB is composed of 67 members 48 of which are from the Asia and the Pacific region. The ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. It assists its members and partners by providing loans, technical assistance, grants, and equity investments to promote social and economic development. International Monetary Fund (IMF): The IMF's primary purpose is to ensure the stability of the international monetary system-the system of exchange rates and international payments that enables countries (and their citizens) to transact with each other. The Funds mandate was updated in 2012 to include all macroeconomic and financial sector issues that bear on global stability.

Topics: International Financial Institutions

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