Why are the IMF and WB so controversial? ... A in Bretton Woods after the Second World War. ... B is an international bank that has credibility. ... B have give value to the “replacement” and “ Environment impact” but with the project of DAM in Nepal, where there were a lot of people who escape from their home because of the disaster that was caused we loose the good image of THE World Bank. ...
The initial aim of IMF was to smoothen balance of payments it was created in 1946 one year after the creation of W. ...
IMF has done a good job in putting out of the crisis different countries it does not make growth in economy it just give credits to make the country out of the crisis. ...
IMF is deciding through the politic and economic interests, to which country it will open the way for a credit or not. And the most important countries in taking decisions in IMF are the developed countries because they are contributing more in the fund resources of IMF.
IMF is putting some conditions to the countries that it is giving the credits and those countries do not welcome these conditions but sometimes they have no better choice.
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