The World Bank and The International Monetary Fund
Through loans, often to governments whose constituents suffer the most under the global economy, and "structural adjustment" policies, the World Bank (WB) International Monetary Fund (IMF) has kept most nations of the global south in poverty. Conditions on accepting loans ensure open market access for corporations while cutting social spending on programs such as education, health care and production credits for poor farmers.
Created after World War II to help avoid Great Depression-like economic disasters, the World Bank and the IMF are the world's largest public lenders, with the Bank managing a total portfolio of $200 billion and the Fund supplying member governments with money to overcome short-term credit crunches.
- Top Ten Reasons to Oppose the IMF
- Five Case Studies
- The Origins of the IMF and World Bank
- WB/IMF Fact Sheet
- WB/IMF FAQs
Free Trade Impacts On:
- Food Security, Farming
- Investor Rights or Citizen Rights
- Free Trade, the Environment, and Biotech