What is the purpose of the international monetary fund & the world bank? apex

to promote economic development

The correct answer is C. The purpose of the International Monetary Fund and the World Bank is to promote economic development.

Explanation:

-The International Monetary Fund (IMF) is an international organization established on 27 December 1945 by 29 member countries and endorsed by the UN in April 1964, with the initial aim of helping reconstruction of the international monetary system in the post-World War II period. Countries contribute money to the fund through a quota system from which members with payment imbalances can borrow funds temporarily. Through this and other activities, such as surveillance of the economies of its members and the demand for policies of self-correction, the IMF works to improve the economies of the countries.

-The World Bank is an international financial institution that lends money to developing countries. It is the largest and most well-known development bank in the world, as well as having observer status in the United Nations Development Group and in other international forums such as the G-20.

The bank's mission is to achieve the dual objective of eradicating extreme poverty and building shared prosperity.