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)

    Some burn damp faggots, others may consume
    The entire combustible world in one small room
    As though dried straw, and if we turn about
    The bare chimney is gone black out
    Because the work had finished in that flare.
    William Butler Yeats (1865–1939)

    O Gold! I still prefer thee unto paper,
    Which makes bank credit like a bark of vapour.
    George Gordon Noel Byron (1788–1824)