Economic Justice Flashcards
1
Q
what is the world bank? (WB)
A
makes loans to developing countries for development programs w/ stated goal of reducing poverty (director = US citizen)
2
Q
what is the international monetary fund? (IMF)
A
make sure that countries can pay their loans, make loans, and audit national governments (director = european citizen)
3
Q
what are structural adjustment programs? (SAP’s)
A
conditions on these loans (curtailed spending socially for health, education, and government services to pay off debt)
