The relationship between the International Monetary Fund (IMF) and the World Trade Organization (WTO) is a continuation of the longstanding relationship between the IMF and the Contracting Parties to the General Agreement on Tariffs and Trade (GATT),1 as modified by new developments associated with the establishment of the WTO. The two organizations generally act in a complementary and cooperative fashion. Discussions about the legal aspects of the relationship, however, including recent WTO dispute settlement cases concerning the IMF, reflect misunderstandings about the legal nature of IMF activities and how they relate to the WTO provisions on this relationship. In addition, certain issues about the IMF/WTO relationship are not clearly resolved in the text of the WTO Agreements.2 This chapter discusses key legal provisions of the WTO Agreements that concern the chapter and explains the legal nature of the IMF activities relevant to these provisions.