How do the IMF and the World Bank divide their work in developing countries?
A. The IMF and the World Bank coordinate closely their work in developing countries. The Fund focuses on macroeconomic issues including monetary, exchange rate, and fiscal policies, fiscal, monetary, and financial sector institutions and related reforms, and economic governance. Projects supported by the World Bank focus on structural reforms in such areas as private sector development, social protection, water, energy, health, and education. The World Bank works with the Fund on issues concerning governance, public expenditure, and the financial sector. An action plan to strengthen collaboration is being implemented following on the recommendations of a report prepared by a panel of experts in 2007.
