Unit 4 HL Geo: Powerful organisations flashcard

Front

What is the primary purpose of the International Monetary Fund (IMF)?

Back

To promote global monetary cooperation and reduce poverty

Front

As of 2024, how many member countries are part of the IMF?

Back

190

Front

Which countries are mentioned as having received financial assistance from the IMF during crises?

Back

Greece and Argentina

Front

What is the purpose of the World Bank?

Back

Provide financial and technical assistance to developing countries

Front

What is a key achievement of the World Bank?

Back

Funded infrastructure and development projects

Front

What criticism is associated with the World Bank?

Back

Projects may cause displacement/environmental harm

Front

What is one of the criticisms of the IMF's Structural Adjustment Programs (SAPs)?

Back

Harmed long-term development in some cases

Front

Which program was established by the IMF to help heavily indebted poor countries reduce their debt burden?

Back

HIPC initiative

Front

Which organization is criticized for being bureaucratic and lacking accountability?

Back

World Bank

Front

What is a shared goal of both the IMF and the World Bank?

Back

Reduce poverty