Evaluating the IMF, WTO and World Bank Flashcards
1
Q
IMF
A
Channels loans from rich countries to those who apply for help. Recipients must agree to run free market economies that are open to FDI.
However their rules and regulations may be controversial.
2
Q
World Bank
A
Lends money on a global scale and gives direct grants to developing countries.
However imposes strict conditions on its loans.
3
Q
WTO
A
Frees up trade liberalisation, especially for manufactured goods. However it has failed to stop the worlds richest countries from subsidising their own food producers. This protectionism is harmful to farmers in developing countries.
