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)
“The world is filled with the proverbs and acts and winkings of a base prudence, which is a devotion to matter, as if we possessed no other faculties than the palate, the nose, the touch, the eye and ear; a prudence which adores the Rule of Three, which never subscribes, which never gives, which seldom lends, and asks but one question of any project,—Will it bake bread?”
—Ralph Waldo Emerson (1803–1882)
“... an adamantine island chained to the shifting bank of the Channel.”
—Christina Stead (1902–1983)