World Bank and IMF - Global Lending

Question 1

IMF

Answer 1

• international monetary fund
• Aid with a condition
• SAP (structural adjustment programs)
• Give money but only for something that they think is beneficial

Question 2

world bank

Answer 2

• aims to solve world debt
• Uses interest - some countries can’t pay back
• US biggest provider so head is always american

Question 3

new development bank

Answer 3

• Set up by BRICS in 2008
• About clean energy, transport infrastructure, water and sanitation, environmental protection, social infrastructure, digital infrastructure
• China is the major funder
• for LICs
• but then in debt to china