to what extent does the IMF contribute to the increasing inequality between rich and poor countries...........

Question

every 5 seconds a child dies of hunger

over 10 million children die every year due to hunger/hunger-related causes

over 120 million children in the developing world are underweight

Americans represent less than 5% of the world's population

the USA has almost 20% of the votes at the IMF

IMF policy decisions require 85% support to pass

therefore the USA is the only member with vetoing power

the conditions placed on loans to developing countries are more beneficial to Wall Street than the borrowing countries

and it is argued that this is one reason for the growing inequality between rich and poor

it costs 10 cents to provide a child with a cup of porridge

__

what is your opinion?

Answer 1

IMF is not a poverty removing institution.It came out of the failure of Gold Standard and for providing international liquidity.Drawings are regulated by SD Rs allotted to member nations.I agree that the Big Countries have a lot of influence in IMF.But IMF is not a charitable trust or development financing institution.International development institutions come under UN like UNDO,UNESCO etc.I think your criticism of IMF is not justified.

Answer 2

Decode this lyrics " Dirty old man"
The IMF did nothing to them.
Ask the dead Mummy risen from the graveyards of failures and horrors of the past in ruling and leading in guiding the survival and advancement of living human kind with pots and pans created in their own backyards.
John 8.44, Matt 23.27
Getting kick on the butts by the dead Mummy in not worshiping God.
Luke6.39-40,41-45,46-49
What do you think?

Answer 3

The IMF tends to not follow up on how its money is used, which sometimes is stolen by governments to fund their corrupt regimes.

Answer 4

the inequality will grow and we'll need a new christopher columbus to find us a new land and about 230 years later that land will be downright corrupt as this land now is