4.3 - International Players

Question 1

What are the 2 institutions comprised of by the World Bank?

Answer 1

IBRD
IDA

Question 2

What is the IBRD?

Answer 2

International Bank for Reconstruction + Development
Aims to reduce poverty in middle income + credit worthy poorer states

Question 3

What is the IDA?

Answer 3

International Development Association
Focuses exclusively on poorest nations

Question 4

What are the roles of the World Bank?

Answer 4

Provide grants + low interest loans
Policy advice
Technical assistance
Co-ordinates projects with govt.

Question 5

What are the criticisms of the World Bank?

Answer 5

Risk averse
Overstaffed
Oversensitive to criticism

Question 6

What are the key roles of the IMF?

Answer 6

Promote international monetary co-operation
International trade expansion
Provide exchange stability
Resource availability to members

Question 7

What is the base purpose of the IMF?

Answer 7

Provide financial assistance to members during times of economic difficulty

Question 8

What is an NGO?

Answer 8

Not for profit voluntary organisation
Local, regional or national

Question 9

Which domains to NGO’s usually operate in?

Answer 9

Enviornmental improvement
Community development
Human rights