Yup, you got it right the banks created for systematic loot. Target the most impoverished and gobbleup their country under the name of default. Ex:USSR
In the name of prosperity of the world, I lend you this money with interest and "special condition" so your country will never ever can pay it back. Very hypocrite act to save the world
@@knightf8648 do you know the debt of india with world bank? we are not fR behind Pakistan, it has growm 500% at 3k per annum in last 5 years comapred to 700 odd in last 67 year's . just do bhajan keertan, you are good for nothing
You forgot that both in the 80s Helped cripple economies in Africa and South America because their Structural Adjustments programs had Xtreme and disastrous affects in those nations
@Raine Riny 7 because they are funded by other countries which themselves have this ROI , the interest, to supply these funds. otherwise IMF would prob. have no funding at all. Also a lot of their funds actually origin in private fundings which also need the ROI as interest to supply funds. as u don’t buy stocks i.e. just to support one company without expecting a benefit for yourself by taking the risk ? Also, if they wouldn’t imply these self beneficial rules onto the borrowers, who would recognise their credibility. The world isn’t selfless as that and especially not the economy. but if you have a different opinion, please tell me :)
The loans given are incredibly flexible and provide short term foreign currency reserves to desperate nations so that they don't go bankrupt. The only conditions made are for the country to clean up their public finances and learn how to budget effectively.
Malaysia is the example mahtir Mohammed refuses IMF the economy got better and built the twin towers before it IMF condition makes the economy suffers alot.
Yes, thanks to Dr. Mahathir, Korea borrowed and now 55%+ assets belong to the west, Indonesia paying interest for ever, in short, both were fxck by WB & IMF!
Say that to the country which feel their financial crisis become worse (Nation's asset force to sold to foreigners) after accepting loan and suggestion from imf
Amir Faris What about as an example Al Hilal Bank, Abu Dhabi Islamic Bank and etc? I merely suppose that there might be other options, but I am not sure.
I respect rules of economics and banking according to Islam. Talking about Pakistan, they themselves lend money on interest to their own population. And I guess it's the same in most of the Islam countries today.
Really, is it that simple. IMF and World Bank are neo liberal control mechanism. They promote global economic stablity, really. Greece , Pakistan and Pakistan is so stable. Greece was forced not pay off its cripple debt as recorded by Greece's finance minister Yanis .. And, this instution have always acted as glorifed back door to ensure smooth entry of Anglo American corperation to loaned countries. It's also sets fiscal restrictions on the loanee country sowing the seeds of civil revolution. So, I guess you should rather how American corporate interest is screwing the world over? Again, it's always ok. Consider yourself to be on the good side. These very same ask the loanee country to reduce public health spending, reduce pensions for govt employee , education spending etc. But if your are a Republican I am.sorry, you lonnies love such greedy bastrads. If not wats conservatism. If you don't ascribe to GOP, them.please make a educated and research based video on monsters called IMF and World Bank.
I really like how they quickly mention some of the serious controversies and then she’s like “but who knows lol that’s not what the world bank and IMF says lol”
and IMF additionally lends out money to poor countries at ridiculous interest rates, and if the leaders either pay back or reject the loans, the IMF funds the political opposition in the poor country to get more cooperative leaders to do the deals. case and point, Libya and Venezuela.
Can we get a series on the inner workings, histories, and people behind government agencies like the FCC, EPA, Department of Interior, and NIH? Would love that
Moral opinions are so traumatic? I wonder why? 1. It is an edge on lie that has gone stale now, that they reduce poverty & hunger is what they create to control masses & dictate to global southern countries-87% of the world, undermining sovereignity yr in yr out, Ouch! 2. She has raised moral issue/s under an ethcal banner. 3. Try to get a global southern country to go free pring on cash....? No, that is a right reserved for you and me. Look what we did to their economy.
The IMF has been criticized for tying their loans with structural changes to the economies of the “benefited” countries pushing a neoliberal agenda. These changes brought crises, which forced countries to get more loans (with more demands to change the country’s economy).
they also get to own the collateral - geographical resources and industries extracting them, leaving the host country poorer and more chained in debt. they bribe leaders to take more IMF loans, and if the leaders reject or pay off loans, the IMF simply funds the political opposition to get more corporative leaders to do the dirty deals.
IMF get $675B every year in quotas, and have an outstanding book of $160B in lending arrangements. So where's the other $500B, and the $600B from last year, and the year before etc. etc. ?
How does imf give loan? Isarel palestine conflict? Indo Pak conflict? Why russia and usa have bad relations? Why china and russia have good relations? Why usq qnd china have bad relations? The fallout of USSR? The great depression?
You needed to be more specific about the 44 countries present at the hotel conference as 44European/North American countries. That's a very important detail.
Thanks for letting me know about the two institutions. I really agree to some ooints their loaning conditions. Most of these moneys from IMF are not used accountably by thoe that receive and yet the countries continue to receive more loans and endebt the whole country. To some points they do good for only the World bank on fighting diseases.
World Bank lends countries money for pseudo-development projects. When they can't pay back those loans, the IMF arrives and provides new loans at conditions that are extremely advantageous... to the IMF itself!
IMF and World Bank make countries less vulnerable to crisis( financial ), promote higher living standards and provide help to countries who need it.. BUT is this the reality on ground or merely fiction on papers only ? When value of dollar increases, value of so called "participating countries' " currency decreases. IMF and world bank explicitly state to other countries in their loan conditions to cut budget on electricity, health care and education and increase cost of electricity, gas, petrol, water, food etc. It act as triple blow to allready marginalised economies. Currency devaluation has alwaus been one method to destroy countries
Let's not forget that the borrower is a slave to the lender. So when poorer and middle income countries that operate a trade deficit, will always need financial assistance (borrowers), and those that have surplus (Lenders) can pay their dues to the IMF and World Bank. In essence, if in the lon term, the borrowing countries are not able to pay their loans, simply because they don't have surplus, then the lending countries have a right to access the collateral, which in essence should be the borrowing countrys' resources. Long story short, rich countries (and rich investors and corporations that lend) own smaller, poorer countries that can't help themselves. Period!
Marcos, Rizal established the World Bank and IMF after the war. Here's the link: World Bank group USA final audited statement 2012. World Bank own by the Philippines.
these are great, what if a nation cannot pay off its loan from the world bank? Can there be foul play here? Forcing countries to take loans that they cannot pay off and taking resources? Who polices these banks? Where has there been conflict of interest
It's usually demanded in full or with collateral in exchange. From what I've read, one of the ways that countries pay it back is that they either cut back funding for important programs like education, agriculture, healthcare, etc. which creates more poverty and illness----or they sell away their land and the control over certain resources. Corporations will lend them money to buy up this land at very low rates. Farmers are forced to give up their lands, often via intimidation. Either they take the money or they end up dead. Their land is taken one way or the other. The country gives the authority. These are called corporate land grabs. And they're happening at a more rampant rate. This is how IMF and World Bank destabilizes these economies. Our growing population in the wealthy West creates the demand, and bc our limited lands & resources can't keep up to supply our needs, corporations go into these desperate countries and exploit them when they're most vulnerable. We're partly to blame bc our overly excessive consumptive habits are ruining the world. About 1/2 of what we consume gets thrown out and the other 1/2 is overflowing our homes with unnecessary junk. But we're disconnected from it, so we're indifferent. The phones & computers we use, the clothing & food we buy, and the demands we make are reinforcing this system. It needs to change, it needs to be fixed.
@@YourMajesty143 actually they demand a pie in the public sector units of the countries which can't pay off their loans. The markets are opened forcibly to foreign investment and unknown investors with dubious credentials invade the nascent stock markets of these countries. When the economy collapses under the strain of these bad debt the investors pull out their money at a opportune moment after having their profits. Sometimes dictators are supported who can guarantee that they can wrest back the debt from the people. I think most people in west are ignorant about their govts activities.
Yeah because all the structural problems from countries that have no investment due to country risk, deficit and corruption are because of the FMI exist. Logic at it's finest.
In a world of debt based reserves, the collateral against government bonds is the capacity of the people to be taxed to pay the bond investors. In that world the government controls the value of collateral in the global market since they set the price of it through the central bank. In a world of hard money, collateral is held in the hands of the people in the form of savings which they deploy to build the things they see the need for. IMF and World bank along with Central banks indebt people
Incredible channels that picks up very very imp topics and is highly to the point thus giving u priceless info without consuming much of ur crucial minutes. Keep it up
People who hate imf and wb so much need to remember that when a country is in crisis they need loans. without imf and wb, those countries would have to go to a foreign commercial bank (i.e bank of china, or smth) and exploit them cruelly. yes imf and wb also not that just, but they are run by representative of all nations so it has more sensibility than just a one-nation bank.
And that is what they tell you. Have you ever been curious how come they are so rich that they can lend anyone with money? If its a loan w/o interest then it is not help but a business.
I've greatly enjoyed CNBC explains, they have been very insightful. For an idea I was hoping you could create an episode on the bias in news reporting. For fairness be sure to address yourself as well.
I like how suggesting the background footage is. Talk about funding the poor nations? *boom* casually strolling along generic 3rd world wallpaper. Talk about functional differences? Show big monitors with flashing colors, we're so post modern we've got nothing to do with lending money on interest, possibly the only job older than ... . Also, talking about the *role* of a bank and not its goal (or the means) is a massive bias when attempting to define it. World bank's goal is to ... generate profit by investing in crippled economies. That won't fly. How about: The World Bank's *role* is to help emerging economies... ahh, there you have it. We "help" and in doing so generate profit. So, WB doesn't actually help, they service poor countries, they are its customers. To talk about the role of a tool without explaining what it's used *for*.
Both banks are US controlled. Loans are provided if it is in US geopolitical interest. China has therefore established the AIIB which has been very successful since it's inception. US tried to dissuade her allies from becoming members to AIIB but without success.
Well described and with out judgement. Many try and blame these institutions for the problems of their countries. First I would note that it is always up to the leaders of the countries who engage with the IMF or World Bank to enter into reasonable contracts or to reject the contracts. If a country enters into a contract in bad faith or does not fulfill their part of the agreement, who's fault is that?
The use of military takeover has been replaced by armies of Lawyers marching into Nations, to extract resources.... John Perkins has illustrated how this principal works.....
The IMF is still to blame if they are helping to destroy the country, which they usually are. So are their wacky economic theories that never work, unless their motivation is malicious or greedy.
That's to some extent explains to me why Africa is poor and US and Europe are wealthy!! the more they give loans to countries the more they control them!
We are not living in a perfect world, dont take everystatment of an instition morally correct just because thats what is says in their motto or vision , mission
قومی اور صوبائ اسمبلیوں اور سینٹ کے موجودہ ممبران کی آدھی جائدادیں ضبط کرکے IMF کا قرض واپس کیا جاۓ۔ اگر یہ لوگ محب وطن اور محب قوم ہیں تو انکو خود یہ پیشکش کرنا چاہیئے۔ ورنہ انشاءاللہ وہ دن جلد آئے گا جب انکی ساری جائدادیں کی جائیں گی۔
How does imf give loan? Isarel palestine conflict? Indo Pak conflict? Why russia and usa have bad relations? Why china and russia have good relations? Why usq qnd china have bad relations? The fallout of USSR? The great depression?
How does imf give loan? Isarel palestine conflict? Indo Pak conflict? Why russia and usa have bad relations? Why china and russia have good relations? Why usq qnd china have bad relations? The fallout of USSR? The great depression?
The differences between IMF and a World bank is; My independent Phylosophy of opinion is the IMF takes only what bank is earned from daily banking business for fund but the world bank is making the money to runs the whole bank world wide to secure the system that dont takes away from the privacy of the bank. Plus, to have the bank grows not just for fund but for having built up the small to bigger bank and to continue what bought is stays bought and it got the secured of world bank from identity ànd daily living.
