"International Finance"

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Humanities

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Based on the lecture and Webtext materials, address the following:



  • The IMF and World Bank are the world’s two leading lending institutions, but much of their monetary assistance disappears once it enters the banking systems of developing countries. Cite concrete evidence that supports the assertion that much assistance to developing countries is simply stolen by officials. Determine other main factors that account for the misuse of these funds.

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Explanation & Answer

Attached.

Running head: INTERNATIONAL FINANCE

International Finance
Name
Institution

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INTERNATIONAL FINANCE

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International Finance

World Bank and the IMF are significant factors in offering financial aid to countries that
are developing. These financial resources have been set aside to support the developing
countries, but in the long run, they are ruining the institutions. The World Bank and IMF aimed
at preventing financial crises as well as initiating the re-establishment of various economies that
had devastated as a result of conflict (Clegg, 2017). However, these institutions make the
developing countries to remain poor as they keep them in debts. As much as they provide
financial assistance to the nations ...


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