What are the roles of the IMF and the WTO in encouraging, monitoring, and regulating international trade?

The IMF makes short-term loans to member countries with deficits and provides foreign currencies for its members. The IMF also provides information about countries that might default on their debts. Although the IMF's main function is to regulate monetary relationships between
national economies, the organization has taken steps to promote responsible global business conduct. The IMF also recommended new regulations for large firms posing the biggest "systemic risk." The IMF affects a country's financial reality as well as the democratization of developing countries. The WTO administers its own trade agreements, facilitates trade negotiations, settles trade disputes, and monitors the trade policies of member nations. The WTO addresses economic and social issues involving agriculture, textiles and clothing, banking, telecommunications, government purchases, industrial standards, food sanitation regulations, services, and intellectual property. It also provides legally binding ground rules for international commerce and trade policy. The organization attempts to reduce barriers to trade between and within nations and settle trade disputes.