Podcast
Questions and Answers
What is the primary role of International Financial Institutions (IFIs) in a nation's social and economic development programs?
What is the primary role of International Financial Institutions (IFIs) in a nation's social and economic development programs?
- Regulating capital movements and controlling economic environments
- Advising on development projects, funding them, and assisting in their implementation (correct)
- Participating in the Bretton Woods System
- Imposing policies on developing nations
When was the International Monetary Fund (IMF) formally created?
When was the International Monetary Fund (IMF) formally created?
- December 27, 1945 (correct)
- March 1, 1947
- During the Great Depression
- At the Bretton Woods Conference
What is a common criticism of the International Monetary Fund (IMF)?
What is a common criticism of the International Monetary Fund (IMF)?
- Imposing industrialized countries' policies on developing nations (correct)
- Advocating for domestic income maintenance in industrialized countries
- Promoting free trade in developing nations
- Supporting competitive devaluation of currencies
What led to the establishment of the International Monetary Fund (IMF)?
What led to the establishment of the International Monetary Fund (IMF)?
What significant changes occurred in the economic environment during globalization?
What significant changes occurred in the economic environment during globalization?
What is the primary goal of the World Bank?
What is the primary goal of the World Bank?
What is the main objective of the General Agreement on Tariffs and Trade (GATT)?
What is the main objective of the General Agreement on Tariffs and Trade (GATT)?
Which component provides low-interest or no-interest loans to low-income countries within the World Bank Group?
Which component provides low-interest or no-interest loans to low-income countries within the World Bank Group?
When did the World Trade Organization (WTO) start its trading system?
When did the World Trade Organization (WTO) start its trading system?
What was the main objective of the second WTO ministerial meeting held in Geneva in May 1998?
What was the main objective of the second WTO ministerial meeting held in Geneva in May 1998?
