1. "The IMF and World Bank hurt poor countries and undermine de
... to development for many of the world's heavily indebted countries. The World Bank and the International Monetary fund (IMF) are both international institutions created at the Bretton Woods Agreement of 1944 to help reconstruct Europe after the Second World War. Once it was felt that the original aim was achieved ... , they turned to the development of the so-called Third World. Today, the World Bank and the IMF classify 41 countries as Heavily Indebted Poor ... spent $12.1 Dollars per capita on debt servicing yet, between 1990-1998 it spent only $17 Dollars per capita on health and on in ...
- Word Count: 2437
- Approx Pages: 10
- Grade Level: Graduate