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Unformatted text preview: way you are going to get hurt. If they dont give aid and the countrys economy continues to spiral downward then the IMF and World Bank are looked down upon because they didnt act. If they do act and the countrys economy goes down instead of up they are shunned because they acted. 3) A few possible policies the IMF and World Bank could have instated to help ensure the aid capital was used to promote economic growth include: strong financial reporting policies and mandatory outside audits as well as relaxed tax policies. These policies would keep government officials honest because they would have to prove where the money went to in the country. Also by sending in outside auditors you reduce the risk of false entries in the books and achieve a fair analysis of how money is being spent. The policy of relaxing taxes would lead to more jobs....
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