World Bank, IMF and NGOs

Question 1

How does the world bank help maintain growth and development?

Answer 1

• development loans - help countries in need
• debt relief - countries don’t have to pay back
• reconstruction loans

Question 2

How does the IMF help maintain growth and development?

Answer 2

• maintaining stability in the global economy - monitors exchange rates, policies e.t.c
• provides bailouts to countries in need

Question 3

How do NGOs help maintain growth and development?

Answer 3

• focus on specific issues in world - provide more specialised knowledge and skills
• usually local - know issues local population suffer from
• less paper and inflexible process than WTO or IMF (less bureaucracy)