What's the difference between the IMF and the World Bank?
Both were conceived together at the 1944 Bretton Woods Conference and formally established soon after, but their roles differ. The IMF provides short-term funding to countries experiencing a temporary foreign exchange crisis and monitors exchange rate and financial stability, while the World Bank focuses on providing long-term development funding for infrastructure-building or poverty-reduction projects in developing countries.
What is the relationship between the UN and its specialized agencies?
A significant number of organizations that don't include "UN" in their name, like the WHO or UNESCO, are actually UN "specialized agencies." They operate with their own independent budgets and member-state systems while cooperating with the UN as a whole through the UN Economic and Social Council.
Three types of international organization to keep apart
It helps to sort organizations by what they do. Some are global political bodies, such as the UN. Some are specialized functional bodies for one field, such as the WHO for health, the IMF for monetary stability, or the WTO for trade rules. Others are regional groupings, such as NATO for defense, the EU for economic and political integration, and ASEAN for Southeast Asian cooperation. Putting a new name into one of these three groups usually answers half of the question about what it can and cannot do.
Common mix-ups in the news
The EU is not the same as the eurozone: the euro is used by only some EU members, and some countries outside the EU use it informally or by agreement. NATO is a military alliance, while the EU is a political and economic union, and membership of the two overlaps without being identical. The WHO is a UN specialized agency, but it has its own governing assembly, and the same is true for UNESCO. The World Bank and the IMF are often mentioned together but lend for different purposes. Membership numbers change, so for the current count of members in any organization check its official site.
How organizations get power: treaties and consent
International organizations have only the powers that member states give them through founding treaties. NATO's Article 5, for example, is a commitment among members: it says an armed attack against one is considered an attack against all, and it was formally invoked once, after the attacks of 11 September 2001. The WTO can adjudicate trade disputes because members agreed to that process. When an organization seems weak, it is often because its members chose to keep the power for themselves.
Frequently Asked Questions
I'm also curious about electoral systems around the world.
If you're curious how different countries choose their representatives, take a look at our dictionary of the world's electoral systems as well.
Are the descriptions on this page the official position of each organization?
No, this page is general-knowledge content that briefly introduces the founding background and role of each organization at a common-knowledge level. For accurate, up-to-date information, please refer to each organization's official website.
How do countries join these organizations?
Each has its own process. The UN admits states on the recommendation of the Security Council and with a vote of the General Assembly. NATO and the EU require approval by existing members and a long period of meeting entry conditions. The IMF and World Bank require applicants to meet financial and legal requirements and to pay a subscription, called a quota, that determines voting weight.
Can a country leave an international organization?
Generally yes, but the procedure differs. The EU treaties contain an explicit withdrawal clause, which was used by the United Kingdom, while many other organizations rely on notice periods set in their founding documents. A withdrawal can have legal and financial effects, so it is usually handled through formal notification rather than a simple announcement.