Question
1. One function of the IMF is to provide financial assistance to member countries facing balance of payments problems. The assistance is given in the
1. One function of the IMF is to provide financial assistance to member countries facing balance of payments problems. The assistance is given in the form of loans aimed to help the countries to stabilize their economies.
You are required to identify a country that borrowed from the IMF. Discuss the following:
- Why did the country borrow from the IMF discuss the country's economic condition?
- What were the conditions for the loan?
- Were the conditions overly ridged leading to austerity measures that impacted the vulnerable citizens and hindered economic growth?
.
2. One function of the World Bank is to provide financial assistance to member countries facing poverty. The assistance is given in the form of loans aimed to help the countries to achieve economic growth.
You are required to identify a country that borrowed from the World Bank. Discuss the following:
- Why did the country borrow from the World Bank discuss the country's economic condition.
- What were the conditions for the loan?
- Did the loan assist with or hinder economic growth, discuss
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