SOC 300 Sociology of Developing Countries Week 2 Discussion 1

“International Finance” Please respond to the following:

• Based on the lecture and Webtext materials, address the following:
  • The IMF and World Bank are the world’s two leading lending institutions, but much of their monetary assistance disappears once it enters the banking systems of developing countries. Cite concrete evidence that supports the assertion that much assistance to developing countries is simply stolen by officials. Determine other main factors that account for the misuse of these funds.
• 1pg
• refs n cite

preview of the answer..

The World Bank and the IMF aim to promote global cooperation in monetary terms ensuring that countries gain stability in their finances and the facilitation of trade. All this is aimed at maintaining a stable economy and promoting growth through the creation of employment that helps in the reduction of poverty. The issuing of the funds to the developing …

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