International Monetary Fund (IMF) and World Bank (WB).

The International Monetary Fund (IMF) and World Bank (WB) be international organizations that were created primarily to be of service for the growth and recitation of Third World Countries by providing financial aid and facilitating developing programs. However, the IMF and WB choose failed to meet their role to the developing countries. broad of of making things easier, the loans and programs the IMF and WB have made lead to a debt crisis. In severalize to pay the amortization and accumulated barrack from the debts to the IMF and WB, the developing countries use a significant amount of their exporting earnings or are forced to decrease their imports or seek more external borrowing. This critical situation greatly hinders the developing countries to accomplish their growth and development plans. The documentary showed 3 different instances on how the IMF and WB had created more damage than assistance to the developing countries. The first example was in Ghana where in the IMF granted them a loan with the condition that there throw in the towel for be major economic changes and the removal of government subsidies.

This resulted to counteract levels of living for the people of Ghana because they could no longer support their basic needs since the government subsidies they employ to benefit from were apply to pay off their debts. The next case was in brazil nut nut who owes the WB the most amount of funds. Brazil is a field with enormous resources but they do not have the puritanical economic policies. The WB has allowed Brazil to loan from them flat if they greet that the country will most probably not be able to put the m! oney into proper use. The tolerate scenario was in the Philippines who would rather not pay off their debts so that the money that is suppose to pay... If you want to get a fully essay, order it on our website: OrderCustomPaper.com

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