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The IMF and the World Bank

The IMF and the World Bank - That the IMF brings...

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1. The IMF and the World Bank a. Why were they established? Following the second world war, keeping currencies stable under Bretton Woods and reconstructing Europe respectively. b. How have their roles changed in the last 40 years? They are now in charge of promoting economic development. c. What are the critiques that the world has voices regarding their policies?
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Unformatted text preview: That the IMF brings impoverishment, stable currencies shouldn't come at such a cost and that the World Bank does not act in a coordinated manner. d. How did South Korea use the IMF loans in a successful manner? They used the loans in the short run and then quickly paid them off. They did not have the IMF dictating monetary policy for long....
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