World Bank/IMF question....?
How is the World Bank/IMF helpful and harmful to lesser developed countries?
- ProTonLv 51 decade agoFavorite Answer
Most of the IMF's loans to low-income countries are made on concessional terms, under the Poverty Reduction and Growth Facility. They are intended to ease the pain of the adjustments these countries need to make to bring their spending into line with their income and to promote reforms that foster stronger, sustainable growth and poverty reduction. An IMF loan also encourages other lenders and donors to provide additional financing, by signaling that a country's policies are appropriate.
- 1 decade ago
They are helpful to lesser developed countries by offering loans to the government for use to rebuild the infrastructure. Often times what happens is that the countries cannot pay back the loan on the terms that the bank sets. And the country continues to be in more and more debt.
- ErikaLv 44 years ago
The Crash has been on going because of the fact 2003. you may guess with 4 Trillion Dumped into the marketplace, uncontrolled spending by utilising Congress, Bush/Obama (incredibly going to be a continuation), and the extensive issuance of Bonds to China/different international locations that Germany 1923 is going to be u . s . a . 2009. I totally anticipate to confirm Bush/Obama (Busbama) driving in a chariot down Pennsylvania highway in Togas throwing money to the plebes who line the streets with nets to seize each and every of the cheap money. adult adult males we are doomed. the midsection type is going to be eradicated 2009-2010. My spouse's kin comes from a socialist u . s . a . in South u.s.. There are 2 instructions of human beings there. the wealthy elite and the the remainder of the inhabitants. The inhabitants are dealt with like livestock. they have not have been given any rights.. basically privileges. they have "known well-being care". What a comedian tale. They "euthanize" the elderly to make room for the extra youthful (by utilising no longer treating them). you may no longer report lawsuits or call for extra advantageous therapy because of the fact the device is controlled by utilising the elite. Her brother has a grasp's degree in marine biology and runs a extensive salmon farm. He makes $7000 a 12 months. He has to show on the college and artwork a third activity on the weekends to make ends meet. the government takes very virtually 40% of his earnings. the final public of the inhabitants lives on decrease than $3000 a 12 months. They stay in plywood huts. a million% of the inhabitants controls ninety% of the wealth. there is relatively no threat for upward mobility because of the fact each and every of the "solid" jobs are controlled by utilising the government and the great companies...that are controlled by utilising the elite a million% who've the elite "final names". this is Socialism. this is what the u . s . a . is going to. human beings have not have been given any concept what they're embracing whilst they voted in Obama/Pelosi/Reid. stupid human beings. You needed substitute.... substitute you shall certainly get.