The IMF and the World Bank are the two dominant governance institutions in the world. ... These changes ultimately made the IMF very similar to the World Bank. ... For example, the World Bank's data indicates that per capita income was lower in 1999 for nine countries than in 1960: Haiti, Nicaragua, Central African Republic, Chad, Ghana, Madagascar, Niger, Rwanda, and Zambia (World Bank 2002). ... For instance, the corrupt rules of China are among the largest recipients of credit from the World Bank. ... The lending programs that the IMF and the World Bank...

• Word Count: 3351
• Approx Pages: 13
• Has Bibliography
• Grade Level: Undergraduate

It has taken off as a concept in the wake of the collapse of the Soviet Union and of socialism as a viable alternate form of economic organisation. ... The fall of the Berlin Wall and the collapse of the Soviet Union ended the cold war between the forces of capitalism and socialism with capitalism triumphant. ... The World Bank provides loans to poor countries for development projects. The bank provides loans for investment projects, such as water and sanitation, natural resource management education and health. ... They share a concern that the global organisations such as the International ...

• Word Count: 9131
• Approx Pages: 37
• Grade Level: Undergraduate

In 1944 the allied leaders gathered at Bretton Woods and agreed to set up an international bank for reconstruction and development, the World Bank and an International Monetary Fund (IMF), designed to stabilise exchange rates and balance of payments internationally. ...

• Word Count: 3038
• Approx Pages: 12
• Has Bibliography
• Grade Level: Undergraduate