ANALYSIS ON WORLD BANK AND IMF

WESTERN MINDANAO STATE UNIVERSITY
COLLEGE OF SOCIAL ECONOMICS
ACCOUNTANCY DEPARTMENT

“ ARE THEY REALLY HELPING OR EXASPERATING THE PROBLEM ? ”

CRITIQUE
ON
ECONOMIC HELP
OF
WORLD BANK
AND
INTERNATIONAL MONETARY FUND

KLENT ALBRECHT
RESEARCHER

 -Klent Albrecht-

BACKGROUND OF THE STUDY

With economies around the world on the verge of collapsing. Some are pointing to the IMF as a potential saviour of the world economy. They argue that the IMF can play a key role in avoiding financial crisis and restoring confidence to a battered international economy. Yet, at the same time many view the IMF with disdain, arguing that their intervention causes more problems than it solves.

What does the IMF actually do? and Why is its role so Controversial.
The IMF was founded in 1944, to facilitate the post war economic recovery. In particular the IMF was to play a role in stabilising exchange rates and balance of payments, whilst its sister organisation the World Bank would provide loans for long term development. These days the IMF plays a role in:

Compiling statistics and evaluation of