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Mostly, these organizations are managed by rich nations that usurp the autonomy of developing nations in the pursuit of free markets and economic reform.
This paper will examine the roles of the International Monetary Fund and World Bank with parallels to the Asian Development Bank and African Development Bank Group. It will include descriptions of these institutions, an explanation of how they are used in global financing operations and their importance in managing global risk.
What is the Difference Between the IMF and World Bank?
One source describes the differences between the two primary world financial organizations this way: "The IMF keeps account of trade balances between member states, basically who owes whom how much, as an independent auditor...
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