Chapter 20.7 Flashcards
1
Q
Multilateral development assistance
A
Lending to developed countries on non-concessional terms
2
Q
World bank
A
A development assistance organization that extends long-term loans to developing country governments for the purpose of promoting economic development and structural change
3
Q
Criticisms of the World Bank
A
Social and environmental concerns
Governance dominated by rich countries
Interference in countries’ domestic affairs
Conditional assistance
Inadequate attention to poverty alleviation
Excessive focus on market-based supply side policies
4
Q
International Monetary Fund (IMF)
A
Multilateral financial institution with the purpose of overseeing the global financial system
5
Q
A
