The IMF is less controversial than its sister institution, the World B

QUESTION

The IMF is less controversial than its sister institution, the World Bank.

Indicate whether the statement is true or false.

ANSWER

FALSE
The World Bank is less controversial than its sister institution, the IMF. The World Bank has focused on making low-interest loans to cash-strapped governments in poor nations that wish to undertake significant infrastructure investments, while the IMF is often seen as the lender of last resort to nation-states whose economies are in turmoil and currencies are losing value against those of other nations.