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)

    There is but one truly serious philosophical problem and that is suicide. Judging whether life is or is not worth living amounts to answering the fundamental question of philosophy. All the rest—whether or not the world has three dimensions, whether the mind has nine or twelve categories—comes afterwards. These are games; one must first answer.
    Albert Camus (1913–1960)

    A self is, by its very essence, a being with a past. One must look lengthwise backwards in the stream of time in order to see the self, or its shadow, now moving with the stream, now eddying in the currents from bank to bank of its channel, and now strenuously straining onwards in the pursuit of its chosen good.
    Josiah Royce (1855–1916)