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What types of relief is given by the IMF, World Bank and other organisations?
Any info is useful, also info on how this was implemented in different countries, and what situations arose due to this relief Thx :-)
3 Answers
- AdamoLv 51 decade agoFavorite Answer
The IMF offers two types of loans to help countries shore up their finances: 1) short term emergency loans, of the type given to Turkey, Latvia, Ukraine etc. since the financial crisis; and 2) longer-term structural adjustment plans, which assist countries in paying down government debt and trimming the public sector, privatizing industry, and getting the economy growing again.
The World Bank, on the other hand, offers loans and aid for specific development projects (roads, bridges, schools, etc.).
- The PatriotLv 71 decade ago
From the link below...
"The IMF aims to preserve economic stability and to tackle - or ideally prevent - financial crises. Over time, its focus has switched to the developing world."
"The World Bank's predecessor - the International Bank for Reconstruction and Development - was set up to drive post-war recovery. Now, it is the world's leading development organisation, working for growth and poverty reduction.
Owned by the governments of its 185 member states, the Bank channels loans and grants and advises low and middle-income countries."
'The IMF is funded by a charge - known as a "quota" - paid by member nations. The quota is based on a country's wealth and it determines voting power within the organisation; those making higher contributions have greater voting rights.'
"The Fund acts as a lender of last resort, disbursing its foreign exchange reserves for short periods to any member in difficulties."
I hope you find it of use.
- Anonymous1 decade ago
Financial.