1. The IMF and the World Bank
The IMF has been involved in multiple odious debts lending where it financed corrupt dictatorial governments with hidden agendas. ... Rather than helping nations build wealth and prosperity, the IMF and the World Bank provide subsidies to corrupt, and sometimes-brutal ruling elites in countries like Mexico, Russia, Argentina, and Brazil. ... For instance, the corrupt rules of China are among the largest recipients of credit from the World Bank. In general, the IMF and the World Bank distribute hard currency loans, which are given for one type of "project ", however, in reality, these loans ar...
- Word Count: 3351
- Approx Pages: 13
- Has Bibliography
- Grade Level: Undergraduate