Imf & Ibrd Main Function And How They Do Things

2328 words - 10 pages

The World Bank (IBRD) and The International Monetary Fund (IMF) |

CDF Comprehensive Development Framework
IBRD International Bank for Reconstruction and Development
IMF International Monetary Fund
LIC low-income countries
SDR special drawing right

Executive Summary
The second half of the twentieth century was one of unprecedented economic achievement. Rapid growth in the world economy, fueled by expanding international trade and advancing technology, brought more rapid increases in living standards to more of the world's people than ever before in history. And yet, despite these significant gains, we live in a world with severe ...view middle of the document...

* Evaluation for any needs for changes of the original mandates of IMF & IBRD, due to the current socio, political and economic dynamics.

Table of Contents
Appendix 2
Executive Summary 3
Introduction 4
Bretton Woods Conference 5
World Bank (IBRD) 5
Functions of the World Bank (IBRD) & IMF 6
Functions of the World Bank (IBRD) 6
Functions of the IMF 7
Evaluation of the World Bank (IBRD) & IMF Mandate 8
Evaluation for any changes of the World Bank (IBRD) Mandate 8
Evaluation for any changes of the IMF Mandate 8
Conclusion 10
References 11

Bretton Woods Conference
The Bretton Woods Conference, officially known as the United Nations Monetary and Financial Conference, was a gathering of delegates from 44 nations that met from July 1 to 22, 1944 in Bretton Woods, New Hampshire, to agree upon a series of new rules for the post-WWII international monetary system. The two major accomplishments of the conference were the creation of the IMF and IBRD.
World Bank (IBRD)
The World Bank is one of five institutions that compose the World Bank Group which aims to reduce poverty in middle-income and creditworthy poorer countries by promoting sustainable development through loans, guarantees, risk management products, and analytical and advisory services. Established in 1944 as the original institution of the World Bank Group, IBRD is structured like a cooperative that is owned and operated for the benefit of its 187 member countries. The World Bank is currently the largest multi-national lending and technical agency dealing with Third World development. The main purposes of the Bank, as outlined in Article One of its Articles of Agreement, are: "to assist in the reconstruction and development of territories of members by facilitating the investment of capital for productive purposes" and "to promote the long-range balanced growth of international trade and the maintenance of equilibrium in balances of payments by encouraging international investment, thereby assisting in raising the productivity, the standard of living and conditions of labour in their territories".

The two men who shaped the institution were probably John Maynard Keynes, the brains behind the Bretton Woods conference and Robert McNamara, who headed up the World Bank in the 1970. Today the IBRD's policies are dictated by the member countries that run the institution. Although almost every country in the world is a member, the agency is ruled on the principal "one dollar, one vote" and so it is controlled by the US, the UK, Japan, Germany, France, Canada, and Italy the "Group of 7," which holds over 40% of the votes on their boards.

IBRD raises most of its funds on the world's financial markets and has become one of the most established borrowers since issuing its first bond in 1947. The income that IBRD has generated over the years has allowed it to fund development activities and to ensure its financial...

Other Papers Like Imf & Ibrd Main Function and How They Do Things

How Are Identity Thieves Operating to Get Your Identity and What Can They Do with It?

879 words - 4 pages How are identity thieves operating to get your identity and what can they do with it? First it is important to know what identity theft is and then understand the way thieves manage to steal your identity. It’s a crime that happens when “someone wrongfully obtains and uses another person's personal data in some way that involves fraud or deception, typically for economic gain.” (Identity Theft, The United States Department of Justice), in

Why Do Liberals Favour Limited Government and How They Propose It Be Achieved?

998 words - 4 pages Why do liberals favour limited government and how they propose it be achieved? (45 marks) Classical Liberalism advocates what is called the ‘minimal state’, in this style of government the influence of the state upon society is kept to its absolute basic necessities. Namely the only public sector services available is an army – to prevent attack by a foreign nation, a police force to keep law and order, and an adjoining judicial system to

How Do Black Holes Form and Could They Be a Threat to Earth

1515 words - 7 pages LaMar Pierre Jackson Jr. Mrs. Matthews Freshman Composition 26 November 2012 Black Holes How Do Black Holes Form and Could They Be a Threat To Earth? The universe is a realm filled with wonder, excitement, chaos, and an endless series of questions. Within this mysterious realm lie’s an infinitive number of stars, galaxies, planets, and countless other astronomical phenomenon’s. Though these are all wonders in their own right, many more

Sadness and Tragedy in Antigone and the Things They Carried

863 words - 4 pages Dani Kaiser December 3, 2015 3rd period Sadness and Tragedy in Antigone and The Things They Carried Tinged with sadness and tragedy, both Antigone by Sophocles and The Things They Carried by Tim O’Brien show reactions of characters to tragedies. These great moments of sadness in both books reveal the inner traits of many characters. In Antigone, Antigone reacts to her tragic life. In The Things They Carried, supporting character Mary

Catalysts and How They Work

576 words - 3 pages Catalysts and How They Work How do they work? A common misconception is that catalysts lower the activation energy of a reaction, whereas really, they are using an alternative route of the reaction in order for the bonds of the reactant to be broken with a lower activation energy. The way catalysts situate this ‘alternative route’ is by binding to the reactant molecule and changing the electron configuration so that there is high electron

Anitdepressants: How Do They Work? - an Expository Essay

833 words - 4 pages patients then leave with an overwhelming feeling and are unsure of the drug given for they have absolutely no clue of what the drug is or how it works. They then proceed home and find themselves on the computer looking up the name of the prescription on the internet. Once again overwhelmed where do they go from there? There are many different types of antidepressants but what are they exactly and how do they work? How do you know if the one

‘Investment and Support from Foreign Powers Was the Main Reason the Weimar Republic Survived in the 1920s.’ How Far Do You Agree?

752 words - 4 pages ‘Investment and support from foreign powers was the main reason the Weimar Republic survived in the 1920s.’ How far do you agree? During the 1920s, there were many ups and downs for Weimar Germany and to start with they struggled and bounced between governments, especially with hyperinflation in 1923. But with the help of foreign support, Weimar was able to make it to the 1930s. It could be said that the Locarno Pact contributed greatly to the

Hindu Mandir And How They Assist Belief

1396 words - 6 pages grounds are well kept and include many flowers. The flowers remind the worshipper that god is in everything, and of the perfect nature of god. On the lawn, there is a bronze statue of Lord Krishna and his gopis. This reminds worshippers of the gopis love and devotion to Lord Krishna, and how they too should show the same love and devotion to god. The grounds are also meant to please the worshipper; one of the sanskrit synonyms for the Mandir is Pr

Opposition Was the Main Problem Facing Alexander3. How Far Do You Agree with the Statement?

1343 words - 6 pages modernising. Also educational reforms made a new class called “intelligencia” who shared western liberal views. As well as there were extremist groups that felt the only way for Russia to change was eradication of the monarch, they did not have clear aim what to do after. Alexander understood that and he launched strong repressions to preserve stability of monarchy, he believed that they were main threat and problem of Russia. Together with Pobedonoscev he

Physiological Aids In Sport, What They Are And What They Do To The Athlete

2169 words - 9 pages detection of other drugs by diluting their urine. The main side effect of diuretics is dehydration but they can also cause headaches and dizziness and a loss in coordination or balance. This drug is also detected within the urine. Before, during and after exercise, it is essential that sportsmen and women take in a considerable amount of fluid, this is because dehydration can occur resulting in other side effects and also excessive loss of water

Book Review: Bureaucracy: What Government Agencies Do And Why They Do It

1154 words - 5 pages Book Review Wilson, J, Q. (1989). Bureaucracy: What Government Agencies Do and Why They Do It. New York: Basic Books. pp 433. Introduction: This book about bureaucracy gained much attention in the field of public administration. Along within the field of bureaucracy this book was able to become the center of interest for general public as well. This is a valuable book. The book is very informative as it caters vast group of audience i.e

Related Essays

A Literary Analysis Of “Do Not Go Gentle Into That Good Night” And “The Things They Carried”

2138 words - 9 pages persona in this poem as someone that might be of old age and close to the end as well, hence all the references to others in the same situation. Only in the last stanza do we discover the truth, that the person about to face their end is the main character’s father. The literary techniques of conflict, epiphany and flashbacks contribute heavily to establishing the plot in They Things They Carried. Their greatest asset is they truly allow the

The Function And Governance Of Imf Lending Policies In Malawi

1537 words - 7 pages uniting forum. Their main responsibilities include stabilization of world economies and to promote good governance but are they doing that? According to the theory of realism, each state seeks to maximize its wellbeing because every country is in competition. It further says that International Institutions serve no other purpose but as a tool of power of countries to further their interests. Take the case of Malawi and the IMF. The policies imposed

Public And Private Schools: How Do They Compare

1179 words - 5 pages Public and Private Schools: How Do They Compare Trying to find the right school for children not yet enrolled can be a difficult and tedious process. According to the U.S. Department of Education, National Center for Education Statistics (2009), during the 2007-08 school year there were an estimated 119,150 kindergarten through grade 12 schools in the United States. This number includes 87,190 traditional public schools and 28,220 private

Compare The Main Job Roles And Functions In Two Organisations And Explain How They May Differ In Different Organisational Structures

1997 words - 8 pages M1 Compare the main job roles and functions in two organisations and explain how they may differ in different organisational structures: Tesco: The main job role of the CEO is looking after shareholders interests and deciding strategy or policy this means what the business aims to do in the long term for example to expand and grow. The CEO also looks at the long-term plans of the business over the next five years. They also try to aim to be