IMF, WB, WTO – by Nicaragüense: Living the Nicaraguan life


Timely, in connection with my blurb accompanying the reblogged “UK has no money” In this added post , take note of the way that countries are controlled by each of the three “benefactors”.
An extract: ” I hope this has helped clarify the role of the World Bank, the International Monetary Fund, and the World Trade Organization in perpetuating and exacerbating global inequality, despite their noble mission statements. “

Nicaragüense: Living the Nicaraguan life

Okay, so I know I promised more personal accounts of poverty, but I just realized that I spent a lot of time quoting the World Bank in my last post and I never actually explained what it is.

In my experience, a lot of people know what the World Bank is – an international bank designed to reduce world poverty – but not many people know the details (for example, the difference between the World Bank and the IMF, or the biases they represent, etc.). And, as Sherman Alexie so aptly noted, “it’s the details of any life that are most important, right?”

OVERVIEW

The World Bank, International Monetary Fund (IMF), and World Trade Organization (WTO) are all International Financial Institutions (IFIS), economic structures designed to regulate the world economy.

  • The World Bank’s mission is to reduce world poverty and encourage human development by providing loans to developing nations.
  • The…

View original post 1,615 more words

About Ken McMurtrie

Retired Electronics Engineer, most recently installing and maintaining medical X-Ray equipment. A mature age "student" of Life and Nature, an advocate of Truth, Justice and Humanity, promoting awareness of the injustices in the world.
This entry was posted in Conspiracies, Financial Crisis, Human Behaviour, New World Order, Politics, World Issues and tagged , , , , , . Bookmark the permalink.

1 Response to IMF, WB, WTO – by Nicaragüense: Living the Nicaraguan life

  1. Pingback: UN Environmental Solution Equals More Government | The GOLDEN RULE

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