multi question (1 Viewer)

[symo]

from james ruse 2001

which organisation assists countries with BOP problems
1 WTO
2 EU
3 IMF
4 World bank

obvously not EU, depends wouldnt it, if its trade balance than wto (but only if dispute or to improve free trade). IMF is financial problems- debt, world bank if developing nation n needsto improve infra to improve x's, thus trade...what would u pick?

 

[Left-ism]

BOP relates to finance markets and external stability issues..this is primarily the responsibility of the IMF.

 

[Harmonic]

I would say world bank....

Anyone else?

 

[Nick]

IMF

World bank supports development projects.. IMF aims to achieve financial stability, by giving loans and support packages and stuff,

 

[TastesGoodBut]

IMF

in our trials they gave us a short answer on all these things - it was hell.. i mean its easy but trying to write a 5 mark answer as to what the role of the world bank is when its defined in like 1 sentence in textbooks! argh!

 

[numg]

IMF

world bank doesn't do much...

 

[timmii]

IMF.

The world bank, confusing as its name may be, is really more interested in providing foreign aid. Sets up projects within the countries to raise GDP, standard of living, education etc...more charitable. The IMF is actually more involved in the operation of the international financial system - thats where companies keep reserves of their currencies etc. So balance of payments problems affect the currency (consider the argentinian default etc), so as a financial issue, the IMF steps in.