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)
“I take enormous pleasure every time I see something that I’ve done that cannot be wiped out. In some way ... I guess it’s a protest against mortality. But it’s been so much fun! It’s the curiosity that drives me. It’s making a difference in the world that prevents me from ever giving up.”
—Deborah Meier (b. 1931)
“We bank over Boston. I am safe. I put on my hat.
I am almost someone going home. The story has ended.”
—Anne Sexton (1928–1974)