The conversation between human and AI assistant.
What is the difference between IMF and World Bank?
That's helpful. Can you tell me more about the lending practices of the IMF?
Sure. The IMF provides financial assistance to member countries experiencing actual or potential balance of payments problems. In order to receive IMF financing, a country must typically implement certain economic policies, such as reducing government spending or liberalizing trade. The IMF loans are usually short-term and have conditions attached.