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Flashcards in role of international financial systems Deck (14)
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1

what are the two main institutions?

the IMF and the World Bank

2

how many members do the IMF have?

189

3

how many members do the world bank have?

189

4

how many staff are in the IMF?

2300

5

how many staff in the world bank?

7000

6

what is the main aim of the IMF?

to oversee the global financial system

7

what is the main aim of the world bank?

to promote economic development in developing countries

8

what does the IMF offer counties?

finicial and technical assistance
advises them on policies that promote stability
loans are only given in extreme crisis

9

what do the world bank offer?

interest free loads via the IDA
development projects t countries with very low capita a year

10

what is the top down projects?

when decision of development made by authority and with no consultation for the local population

11

what is a negative aspect of the IMF?

they have been prone to causing severe cuts in education and welfare in developing countries

12

why are the thought to create unequal flows?

both based in USA and other developed countries, less developed countries have less influence over decisions and regulations

13

what is a problems in conditions of loans?

both loans are conditional and require LICs to make some sort of change
form of control rather than help

14

what is a problem with WTO?

they encourage the removal of trade barriers however more developed countries are more able to keep their
expense of less developed