IMF-and-World-Bank-are-the-world-s-two-leading-lending-institutions-International-Finance-assignment-help – Nursing Writers Hub

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.
Respond to the following statement:
Unfortunately, the IMF and World Bank are important lending institutions for countries that need assistance. However, their actions have seemed to only cripple the economics of these countries. Officials of these countries go into compromise with international financial institutions that appear to be abandoned and only end up harming their citizens. This cause for the countries to be kept poor and also keep them in debt. The money ends up in the wrong hands and placed in private accounts or banks that they own. 
 
 
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