imf speech - 1. Intro/Background a. In military, appointed...

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1. Intro/Background a. In military, appointed secretary of state for national defense b. Military coup in 1965 c. Ruled for 32 years d. Overthrown May of 1997 e. Died later that year 2. How the IMF helps countries. (IMf.org) a. Payment assistance i. Loans to countries b. Technical assistance i. Develops plans to improve the economy of member states ii. Macroeconomic policy, tax policy and revenue administration, expenditure management, monetary policy, the exchange rate system, financial sector sustainability, and macroeconomic and financial statistics. c. Encourages other countries to give aid i. Once IMF grants loans and gives assistance other countries are more likely to give aid. ii. Increases countries credit 3. How it went wrong in Zaire a. Mismanagement by the IMF i. Even when reports that Mobutu would not repay loans, loans where granted by the IMF
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ii. IMF allowed Zaire to go into tremendous debt (9.3 billion) iii. Mobutu repeatedly agreed to reform plans and ignored them (9 reform plans between 1976-89)
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imf speech - 1. Intro/Background a. In military, appointed...

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