World Bank IMF
"Debt repayments divert money away from basic life-saving health care in the world's poorest countries. The UN estimates that if funds were diverted back into health and education from debt repayment, the lives of seven million children a year could be saved. That is 134,000 children a week." In today's global village one cannot ignore the other eighty percent of the world that lives in poverty. The World Bank and the International Monetary Fund (IMF) are two organizations that have been put in place to help third world countries get out of debt, but instead have further hurt the country. The World Bank and IMF instead of helping developing nations have been helping their contributors. The organizations have damaged a nation's economy, privatized many government run programs, reduced funding to social programs and have put in place many harmful Structural Adjustment Plans (SAPs). The World Bank and The IMF have also contributed to the destruction of the environment in developing nations. They introduced harmful chemicals that are used to get larger yields in crops, have forced countries to produce cash crops to repay debts, have funded large dams that disrupt life, and encouraged the use of fossil fuel. The World Bank an
Brigitte Granville, Global Finance: Bingo or Fiasco, International Affrairs, Vol 75 Num 4 Oct 99. 714 Sharer, R., Latin American Dams http://www.irn.org/programs/latamerica/yacireta.subm.html 04/16/00 pg 1 Unknown, IBRD in Today's Society http://www.worldbank.org/html/extdr/backgrd/ibrd/role.htm 04/16/00 The World Bank and the IMF believe in funding large projects that create lots of jobs. A common project is dam building. Though these projects do create a lot of jobs, the high skilled, high pay ones are filled in not by the local workforce but are flown in from richer countries. Dams are a major environmental hazard because it changes the existing ecosystem by destroying forests, wetlands, fisheries and affects the community downstream, increases waterborne diseases. The Yacyreta Hydroelectric project, one of the largest hydroelectric projects in the world, is a joint project between Argentina and Paraguay. The effect of this dam was felt in Paraguay when it destroyed a unique system of large river islands with an impressive biodiversity, widespread species of fauna and flora and the ancestral home of indigenous communities. There are many riverside communities that are forced to leave their homes because of flooding. Another project that the World Bank funded was the Narmada River dams, a series of thirty dams. The largest is the Sardar Sarovar Dam that has received the most attention. This dam is the largest out of the thirty and would displace 320,000 people, and negatively affect another 1,000,000. The stagnant water combined with monsoons would cause massive flooding along the banks of the river. Poor planning and research seems to be the code that the World Bank and the IMF follow when it comes to building dams. The long term 'benefits' of dams include new and more powerful disease, polluted water supply, bad sewage system because of the rise in water levels, and severe environmental destruction. unknown., Logging and the World Bank
Some common words found in the essay are:
Bank IMF, World Bank, Green Revolution, Fund IMF, world bank, world bank imf, bank imf, , Mexico Nearly, Argentina Paraguay, Sarovar Dam, Development Program, IBRD IBRD, 04/16/00 pg, 04/16/00 pg 1, pg 1, 04/16/00 unknown, developing nations, 1 unknown, pg 1 unknown, third world, structural adjustment, structural adjustment plans, today's society, holt company inc,
Approximate Word count = 3552
Approximate Pages = 14 (250 words per page double spaced)
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