Multilateral development assistance
Lending to developed countries on non-concessional terms
World bank
A development assistance organization that extends long-term loans to developing country governments for the purpose of promoting economic development and structural change
Criticisms of the World Bank
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
International Monetary Fund (IMF)
Multilateral financial institution with the purpose of overseeing the global financial system