FEB 8th

FEB 8th - February 8th Afri 101 Group D certain countries...

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February 8th Afri 101 Group D – certain countries ------------------------------ The World Bank (I.B.R.D) – International Bank for Reconstruction Development International Monetary Fund (IMF) – control the activities of all the countries of the world o In case of any incidences, to advance to a country to pay its’ debts Brethen Woods Institution o Stakeholders/Shareholders … countries with money backed by gold US, UK, France o First 3 major contributors to the bank Start lending to the bank… lending geared of reconstruction of Europe o Much of the money went into rebuilding Europe o America threw different mechanisms and helped them survive Marshall Plan – 1948 … The other mechanism that helped Europe o America’s plan to help countries not fall under the influence of communism o Succeeded with helping economy and deflecting communism Shifted to other countries IBRD – 7% interest rate 1960 – India proposed the creation of an affiliate of the bank called the
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  • Spring '08
  • Cooke
  • International Development Association, Reconstruction Development International, Enormous excess cash, new world Colonialism

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FEB 8th - February 8th Afri 101 Group D certain countries...

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