GEOG 1014 Lecture Notes - Lecture 9: 2010 Nuclear Security Summit, Abdul Qadeer Khan, Plutonium
Document Summary
Uniqe bc they are lending money for specific purposes. Most countries in the world are in both. Countries that make the most moneys put more money in the baks. G7 and g8 created the wto and imf. Have most money to put in the bank to lend out. Have the most voice on how it is run, who the moneywill be lent to, the intrest rates, and how much profit they make. Lends money to govs of soverieng states to stabilize economis and currencies. When countries go bankrupt the imf will lend you money to save them save them. Imf has a lot fo leverage to make sure they get their money back. Resturcture countries economies to cut gov spending so the countries can pay the gov back. World bank has helped eradicate polio and river blindness, build energy projects. Non western entities are demanding more of a voice, and they are getting it!
