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IMF - Gathers economic information to help make economic policy recommendations
The IMF is primarily focused with the gathering of data, the collection and creation of statistics, and the development of economic policies recommendations for member countries. It also acts as a lender of last resort for countries facing financial crisis.
WTO - Helps resolve trade disputes
The WTO helps resolve trade disputes, and also fosters world trade by promoting large scale trade agreements among member countries, the main of these being a common tariff policy across several regions of the world.
BIS - Gives short-term emergency loans to member banks
The Bank of International Settlements is like the central bank of the whole world, and it, just like a national central bank, provides member banks short-term loans in case of need.
World Bank - Provides loans to promote sustainable development
The World Bank is an institution primarily focused on promoting development. This is why its main function is to provide funding to less developed countries for them to fund projects such as roads, factories, renewable energy plants, and so on.
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