World Trade Organization (WTO) and International Monetary Fund (IMF) are both providers of framework and payment structure of international trade among different countries in different regions.
As IMF provides the systematic mechanism provider for transactions among different nations and they also provide aid to the developing countries to perform their trade more efficiently with the provision of this they entangled them into a network of member or program countries that are performing their trade with IMF help.
So, those who are under their program regulate the funds they had to provide to that respective country. IMF also act as the foreign exchange as all the member countries under the IMF program are their subordinates therefore they are strict to be followed them.
IMF also provides the team assessment for every country to be considered as a team. An international system of payment has turned easy due to IMF.
WTO is an organization that provides the complete framework to trade internationally and how to protect the patent of any nation and the barrier-free trade in which different nations are allowed to work together in a single manner. While WTO is also responsible for dispute resolution among nations or between two nations. Dispute resolution takes up to 1 year and 3 months or 15 months for resolving a single dispute in the short run.
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