International Finance
Respond to the following:
1. What is the missions of the World Bank and International Monetary Funds?
2. The IMF and World Bank are the world's two leading lending institutions, but much of their monetary assistance disappears once it enters the banking systems of developing countries. Cite concrete evidence that supports the assertion that much assistance to developing countries is simply stolen by officials. Determine other main factors that account for the misuse of these funds.
Reference Book-Sociology of Developing Countries