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The International Monetary Fund (IMF) and the World Bank (WB) have been accused of instigating a new form of economic colonization. Which of the following
The International Monetary Fund (IMF) and the World Bank (WB) have been accused of instigating a new form of economic colonization. Which of the following have contributed to this notion? Question 8 options: Voting power in the IMF & WB, which give member countries a say over IMF policy, is based on a quota system whereby the rich countries "call the shots" The IMF & WB force countries to make economic adjustments which limit the capabilities of developing countries to design and implement social policies. Loans to developing countries turned into unmanageable debt, allowing the IMF & WB to demand structural changes to their economies. These adjustments ended up seeing private banks make more than $178 billion from the Global South between 1984 and 1990, transforming private debt into public debt. All of the above
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