International Monetary Fund (IMF) and World Bank (WB).

The International Monetary Fund (IMF) and World Bank (WB) be international organizations that were created primarily to be of service for the growth and information of Third World Countries by providing financial assistant and facilitating development programs. However, the IMF and WB get down failed to meet their role to the developing countries. form of of making things easier, the loans and programs the IMF and WB have made lead to a debt crisis. In severalize to pay the amortization and accumulated urge on from the debts to the IMF and WB, the developing countries use a significant amount of their export earnings or are forced to decrease their imports or seek more external borrowing. This critical situation greatly hinders the developing countries to accomplish their growth and development plans. The documentary showed 3 different instances on how the IMF and WB had created more damage than assistance to the developing countries. The first example was in Ghana whe re in the IMF granted them a loan with the condition that there stop for be major economic changes and the removal of government subsidies.

This resulted to sabotage levels of living for the people of Ghana because they could no longer drop out their basic needs since the government subsidies they employ to benefit from were use to pay off their debts. The next case was in brazil nut nut who owes the WB the most amount of funds. Brazil is a field with enormous resources but they do not have the puritanical economic policies. The WB has allowed Brazil to loan from them tied(p) if they greet that the country will most probably not be able to put the m! oney into proper use. The remainder scenario was in the Philippines who would rather not pay off their debts so that the money that is suppose to pay... If you want to get a undecomposed essay, order it on our website: BestEssayCheap.com

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