The goal of the submitted thesis: “Role of International Financial Institutions in Globalization Process” is to analyze the development of the mission and meeting the objectives of the international financial institutions in the course of the globalization process and assessment of their activities within a framework of the world economy development. The first part defines the concept of the globalization process together with the factors which contribute to forming this process and its manifestations. The second and the third part focus on the reasons for establishing the World Bank and International Monetary Fund together with the purpose of their existence, organization, their lending framework and source of their financial help. The forth part shows the development of the IMF and WB role in the globalization process on the background of three global problems and the fifth part outlines the possibilities of their future.