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 (18191891)
“Film is more than the twentieth-century art. Its another part of the twentieth-century mind. Its the world seen from inside. Weve come to a certain point in the history of film. If a thing can be filmed, the film is implied in the thing itself. This is where we are. The twentieth century is on film.... You have to ask yourself if theres anything about us more important than the fact that were constantly on film, constantly watching ourselves.”
—Don Delillo (b. 1926)
“O Gold! I still prefer thee unto paper,
Which makes bank credit like a bark of vapour.”
—George Gordon Noel Byron (17881824)