The IMF And The World Bank

Question 1

IMF

Answer 1

Established to oversee the global financial system- financial and technical assistance to its members.
One aim to to help with debt.

Question 2

What does the IMF usually impose

Answer 2

Conditions on its financial assistance- including severe cuts in welfare and education spending by governments in developing countries (controversy)

Question 3

What does the world bank deal with

Answer 3

Mainly internal investment projects, in developing countries with the stated aim of reducing poverty

Question 4

One branch of the world bank

Answer 4

IDA- provides interest free loans to countries with very low per capita incomes

Question 5

Since the 1990s, the world bank has claimed..

Answer 5

It promotes sustainable development, with most funding going to small scale projects