“International Finance” Please respond to the following:
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“International Finance – IMF and World Bank
- Based on the lecture and Webtext materials, address the following:
- 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.