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Why are the activities of the World Bank and the IMF so controversial?
The mission statement is "To fight poverty with passion and professionalism for lasting results." Owned by a Washington-based Board of Directors, the World Banks purposes haven't changed but its surveillance, financial and technical assistance operations, have developed to meet the changing requirements of its members in the wider spectrum of the global economy. A Board of Governors represent 184 member countries views and interests. The institutions that comprise the World Bank Group are: International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), International finance corporation (IFC), Multilateral investment guarantee agency (MIGA) and International center for settlement of investment disputes (ICSID). They are loosely affiliated and vary in numbers. IBRD has 184 members, IDA has 163, the IFC has 175, MIGA has 158 and ICSID has 134.
Similar to the World Bank is the International Monetary Fund. There aim is solve economic quandaries ...
The mission statement is "To fight poverty with passion and professionalism for lasting results." Owned by a Washington-based Board of Directors, the World Banks purposes haven't changed but its surveillance, financial and technical assistance operations, have developed to meet the changing requirements of its members in the wider spectrum of the global economy. A Board of Governors represent 184 member countries views and interests. The institutions that comprise the World Bank Group are: International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), International finance corporation (IFC), Multilateral investment guarantee agency (MIGA) and International center for settlement of investment disputes (ICSID). They are loosely affiliated and vary in numbers. IBRD has 184 members, IDA has 163, the IFC has 175, MIGA has 158 and ICSID has 134.
Similar to the World Bank is the International Monetary Fund. There aim is solve economic quandaries ...
Posted by: Sylvia Schiavoni
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