Running head: INTERNATIONAL FINANCESOC 300 Sociology of Developing Countries Week 2 Discussion 1: International FinanceNameInstitution1INTERNATIONAL FINANCE2International FinanceThe World Bank and the IMF aim to promote global cooperation in monetary termsensuring that countries gain stability in their finances and the facilitation of trade. All this isaimed at maintaining a stable economy and promoting growth through the creation ofemployment that helps in the reduction of poverty. The issuing of the funds to the developingcountries comes with conditions and has at times being considered to be very rigid. The criticismof the fund is felt in Latin America, Asian countries and in Africa (Spendzharova, 2008).The misappropriation of these funds in the developing countries is alarming and at timesthe governments use them to clear off some of the loans that they own. A ...
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