The IMF and World Bank are the world’s two leading lending institutions, but
much of their monetary assistance disappears once it enters the banking systems
of developing countries. Cite concrete evidence that supports the assertion that
much assistance to developing countries is simply stolen by officials. Determine
other main factors that account for the misuse of these funds.
Respond to the following statement:
Unfortunately, the IMF
and World Bank are important lending institutions for countries that need
assistance. However, their actions have seemed to only cripple the economics of
these countries. Officials of these
countries go into compromise with international financial institutions that
appear to be abandoned and only end up harming their citizens. This cause for
the countries to be kept poor and also keep them in debt. The money ends up in
the wrong hands and placed in private accounts or banks that they
own.
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