World Bank and IMF Flashcards
Explanations of what the world bank and IMF do (7 cards)
1
Q
What is the world bank?
A
Source of financial and technical assistance for countries around the world, its mission is to fight poverty.
2
Q
What is the issue with the world bank?
A
-Force western practices
-Assumption that countries need help
Reduced cultural diversity
3
Q
Is the world bank focused on the short or long term?
A
Long term
4
Q
What is the IMF?
A
Organisation overseeing global financial systems, its objective to stabilise exchange rates and facilitate development
5
Q
How many countries contribute to IMF?
A
186
6
Q
Is the IMF focused on the short or long term?
A
Short term
7
Q
What is the issue with the IMF?
A
-Policy makers have favoured dictators
-One condition is for countries to sell assets to western corporations.
-Response is often delayed.
