The purpose of the World Bank is to provide long-term productive loans to developing countries to promote their economic development and improve their production level. World Bank loans are carried out in cooperation with the International Bank for Reconstruction and Development and the International Development Association, and generally go through five stages: project selection, project preparation, project evaluation, project negotiation, project implementation and supervision. In the process of project implementation and supervision, the borrowing country and its specific project unit are responsible for the implementation of the project, and the World Bank is responsible for the supervision and inspection of the project implementation process to ensure that the project is implemented according to the loan agreement and the loan is used reasonably.
The main function of the International Monetary Fund is to provide funds for member countries. However, this kind of financing is different from ordinary commercial loans, with harsh conditions and clear policies. For example, after the Asian financial crisis broke out, the International Monetary Fund became an important coordinator and arbitrator in the international financial field, providing economic assistance and intervention to countries.