Structural Adjustment - IMF SAPs Versus World Bank SAPs

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)

    One does not set fire to a world which is already lost.
    Friedrich Dürrenmatt (1921–1990)

    I have passed down the river before sunrise on a summer morning, between fields of lilies still shut in sleep; and when, at length, the flakes of sunlight from over the bank fell on the surface of the water, whole fields of white blossoms seemed to flash open before me, as I floated along, like the unfolding of a banner, so sensible is this flower to the influence of the sun’s rays.
    Henry David Thoreau (1817–1862)