What is IMF All About? Organization And Its Purpose Data Dissemination Systems General Data Dissemination System Special Data Dissemination Standard Membership Qualifications Members Quotas, Voting Powers and Board Of Governors
Assistance and Reforms IMF/World Bank Support Of Military Dictatorships Criticism Impact On Access To Food Impact On Public Health Impact On Environment
Criticism From Free Market Advocates Surveillance Lends Technical Assistance When can a country borrow from the IMF? The process of IMF lending Conditionality Difference between the IMF and World Bank.
The World Bank is an international financial institution that provides financial and technical assistance to developing countries for development programs with the stated goal of reducing poverty.
President: Robert B. Zoellick Membership: 185 countries Affiliates: IFC, MIGA, ICSID Headquarters: Washington, DC Established: July 1,1944
Provide assistance to developing and transition countries Promote the economic development of the worlds poorer countries Finance the poorest developing countries whose per capita GNP is less than $865 a year special financial assistance through the International Development Association (IDA)
Agriculture and Rural Macroeconomic and Economic Development Growth Conflict and Development Mining Development Operations and Poverty Reduction Activities Poverty Economic Policy Private Sector Education Public Sector Governance Energy Rural Development Environment Social Development Financial Sector Social Protection Gender Trade Governance Transport Health, Nutrition and Population Urban Development Industry Water Resources Information and Communication Water Supply and Sanitation Technologies Information, Computing and Telecommunications International Economics and Trade Labor and Social Protections Law and Justice
Fund generation Loans Grants Advisory Services Capacity building
IBRD The International Bank of Reconstruction and Development IDA International Development Association IFC International Finance Corporation MIGA Multilateral Investment Guarantee Agency ICSID International Center For Settlement Of Investment Disputes
Maturity period 20 years Grace period 5 years Grants 30% Interest rate 6%
It was started to reduce poverty but it support United States’ business interests. The President of the Bank is always a citizen of the United States. Lack transparency to external publics. It is an instrument for the promotion of U.S. or Western interests. The decision-making structure is undemocratic.
Sustaining high and broad based growth and improving competitiveness Improving governance Lives and protecting the vulnerable
World Bank is the largest source of finance in Education. World Bank is one of the largest financier in its war with HIV/AIDS They have led the world in the fight for corruption They provide the strongest debt relief to the heavily indebted countries in the world. They are helping in bringing the basic amenities to the poor people. The World Bank has helped countries to be free from and conflicts Last but not the least, the World Bank answers the pains of the poor.