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Essay / Research Paper Abstract
This 11 page paper looks at the role and operations of the World Bank and the IMF, assessing whether these international financial institutions are neutral or non-political arbiters in the overseas development aid relationship, or if they are more political in nature. The bibliography cites 8 sources.
Page Count:
11 pages (~225 words per page)
File: TS14_TEpolIMF.rtf
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Unformatted sample text from the term paper:
apparent independence may not be a clear as is assumed due to the way in which they operate (Peet, 2003). To consider this the role and influence of these organizations
need to be considered. The International Monetary Fund in an international economic organization which is a specialized agency of the United Nations
(IMF, 2009). The foundation of the organization is in the Bretton Woods Conference of July 1st to the 22nd, 1944. This, along with the World Bank, it was formed in
1945 with its head quarters in Washington DC (IMF, 2009). It became an active organization in 1946 (IMF, 2009). Financial operations initially started on March the 1st, 1947.
The reason for the development of the IMF and the World Bank was to encourage stability in the world economy and international affairs, with
a commercial aim to increase and facilitate international trade (Woods, 2007). The aim was for the World Bank and the IMF to undertake different duties, the World Bank was to
look at the long term finances that were required by the different nations (Woods, 2007). However, it was to be complimented by the IMF which would consider issues such as
the provision of short term finances, and help including the balancing of budgets and monitoring exchange rates (Anonymous, 1998). The aims of the
International Monetary Fund are to promote and encourage the practice of international monetary co-operation (IMF, 2009; Woods, 2007). These include eliminating or reducing many of the barriers to
international trade which can be seen as discouraging factor or destabilizing factors. Aims of the International Monetary Fund include; * Increasing international trade by * Stabilizing exchange rates (IMF,
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