Interference of transnational banks in domestic economic policies
Transnational banks generally seem to prefer to lend to a country that is in agreement with the International Monetary Fund about the policies to be pursued under stand-by agreements. There are two reasons for this. First, lending to a nation that is in compliance with International Monetary Fund arrangements helps the transnational banks with their home country banking authorities. Second, without directly setting economic policy, the banks can be reassured that it meets the rather well-known requirements of the International Monetary Fund for balance-of-payments solvency. When a nation is unwilling to submit to International Monetary Fund stand-by agreements and commitments, however, the banks very often make their exposure conditional on commitments as to the particular economic policy that the borrowing country will put into effect in order to secure further loans.
The Encyclopedia of World Problems and Human Potential is a collaboration between UIA and Mankind 2000, started in 1972. It is the result of an ambitious effort to collect and present information on the problems with which humanity is confronted, as well as the challenges such problems pose to concept formation, values and development strategies. Problems included are those identified in international periodicals but especially in the documents of some 60,000 international non-profit organizations, profiled in the Yearbook of International Organizations.
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