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)

    The world is upheld by the veracity of good men: they make the earth wholesome. They who lived with them found life glad and nutritious. Life is sweet and tolerable only in our belief in such society.
    Ralph Waldo Emerson (1803–1882)

    That strain again, it had a dying fall;
    O, it came o’er my ear like the sweet sound
    That breathes upon a bank of violets,
    Stealing and giving odor. Enough, no more,
    ‘Tis not so sweet now as it was before.
    William Shakespeare (1564–1616)