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Essay / Research Paper Abstract
This 9 page paper considers the role of the World Bank and the IMF to lesser developed nations, The paper outlines the targets and goals it set and then looks at the way these occur and how they impact on the nations concerned. The bibliography cites 4 sources.
Page Count:
9 pages (~225 words per page)
File: TS14_TEdevimf.rtf
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Unformatted sample text from the term paper:
education poor and health suffering as well as starvation and homelessness being rife, the acts speak for themselves. In some countries the need for help is very apparent, with appeals
for aid on the television and help from non governmental organisation, for other more developed countries, where there is still economic development taking place, the needs may be at a
different level, rising above subsistence, but still vitally important. However, the problem is in the way that the help is given. One of the organisation that seeks to help
nations develop their economies and though this help their society develop are the World Bank and the International Monetary Fund. The International
Monetary Fund in an international economic organisation which is a specialised agency of the United Nations (IMF, 2002). The foundation of the organisation is in the Bretton Woods Conference of
July 1st to the 22nd , 1944. This, along with the World Bank, it was formed in 1945 with its head quarters in Washington DC (IMF, 2002). It became
an active organisation in 1946 (IMF, 2002). Financial operations initially started on March the 1st, 1947. The reason for the development of the IMF and the World Bank was
to encourage stability in the world economy and international affairs, with a commercial aim to increase and facilitate international trade (Anonymous, 1998). The aim was for the world bank and
the IMF to undertake different duties, the World Bank was to look at the long term finances that was required by the different nations (Anonymous, 1998). However, it was to
be complimented by the IMF which would consider issues such as the provision of short term finances, and help including the balancing of budgets and monitoring exchange rates (Anonymous, 1998).
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