The international monetary fund and the World Bank PDF

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The IMF and World Bank Nassrullah Zonozy POLS 1503: GLOBALIZATION Daizhownnia Ashleyah Beautiful Smith June 30, 2021

In my perspective, the international monetary fund and the World Bank’s ideas are in the right place; however, the path in which they’re accomplishing those ideas and

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projects are in the opposite direction. The international monetary fund, and World Bank are unfairly threatening the sovereignty of the nations by implementing rules and policies, which will limit the developing nation’s ability to rise [CITATION Wha2 \l 1033 ]. Another unfair treatment is trying to eliminate extreme poverty by hiring citizens from the emerging countries to work on projects. However, paying the citizens a very small amount which won’t allow them to elevate from their poverty level.

With the proper authority I will shape the international monetary funds and World Bank’s policies by: 

Changing the loan granting process: I will use my authority, to allow all underdeveloped and developing countries to gain easier with less police access to the money. The countries in need will become less dependent on the developed countries to provide financial assistance. On the other hand, developed countries will continue the old method because they’re more financially stable and less in need of urgent financial help from the world banks or the international monetary fund.

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Making a new election: this election will determine who influences to the World Bank and the international financing for a two-year period. This will make a more

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even balance between the ideas, projects, and targets of the World Bank and the international monetary fund. (Words )

References What are the main criticisms of the World Bank and IMF? (n.d.). Retrieved from Bretton Woods Project: www.brettonwoodsproject.org

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