IMF SAPs Versus World Bank SAPs
While both the International Monetary Fund (IMF) and World Bank loan to depressed and developing countries, their loans are intended to address different problems. The IMF mainly lends to countries that have balance of payment problems (they can not pay their international debts), while the World bank offers loans to fund particular development projects.
Read more about this topic: Structural Adjustment
Famous quotes containing the words saps, world and/or bank:
“Sincerity is impossible, unless it pervade the whole being, and the pretence of it saps the very foundation of character.”
—James Russell Lowell (1819–1891)
“Having children can smooth the relationship, too. Mother and daughter are now equals. That is hard to imagine, even harder to accept, for among other things, it means realizing that your own mother felt this way, too—unsure of herself, weak in the knees, terrified about what in the world to do with you. It means accepting that she was tired, inept, sometimes stupid; that she, too, sat in the dark at 2:00 A.M. with a child shrieking across the hall and no clue to the child’s trouble.”
—Anna Quindlen (20th century)
“What’s breaking into a bank compared with founding a bank?”
—Bertolt Brecht (1898–1956)