POL301Y1 Lecture Notes - George W. Bush, G20 Developing Nations, Retrovirus
Document Summary
In the moment if crisis the imf comes in to save the country eg when there is a sudden change due to your export and it is for short period. While the world bank is for the longer term at low interest. Bank is like the leader of the donors and others follow the suit. They are managed by the boarder of directors and shapes out how they lend. They have been changed over the past 15 yrs though the developed powers still control the world bank. The world bank was in its phase focused in the infranstructure and in the second phase, encouraged the reduction of the inequalities. The shift comes in : ie conditions such as policy reforms were applied but now the government had the liberty to spend the money on programs of their choice. Secondly, now the imf and wb shifts away from the state role of state in market.
