Imf, World Bank And Africa

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

William Y

 

Date added:

September 14, 2014

 

Level:

University

 

Grade:

B

 

No of pages / words:

8 / 2137

 

Was viewed:

8929 times

 

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Essay content:

Membership in the World Bank requires membership in the IMF. Recently the two organizations have been acting in concert and often institute very similar policies. Members of the IMF are designated a yearly quota according to their economic standing, and are required to put down an initial percentage in gold, the remainder of which is payable in domestic currency...
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The LDC is allowed to draw on this quota and even surpass it providing that it agrees to certain governments budget deficits, the correction of an overvalued currency, and the encouragement of export production. These policies become increasingly strict as more Special Drawing Rights (as they are called) are requested...
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