Question

what were the limitation of IMF and World Bank

Answer 1

The International monetary funds and the world Bank are institutions in the United nations system. they share the same goal of raising living standard in their members countries. their approach to this goal are complementary, with the IMF focusing on macroeconomic issues and the world Bank concentrating on long term economic development and poverty reduction.

Answer 2

1 ). They were not equipped to cope up with the challenges of poverty and lack of development.

2). They were controlled by the USA because it has the veto power

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