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)

    In a world which furnishes so many employments which are useful, and so many which are amusing, it is our own fault if we ever know what ennui [boredom] is, or if we are ever driven to the miserable resource of gaming, which corrupts our dispositions, and teaches us a habit of hostility against all mankind.
    Thomas Jefferson (1743–1826)

    What’s breaking into a bank compared with founding a bank?
    Bertolt Brecht (1898–1956)