¶ … International Monetary Fund (IMF) is an organization of 187 nations that was created after World War II for the purpose of attempting to stabilize the world economy. Its focus in this regard was on providing a monetary system that could effectively manage exchange rates between nations. At the time of its formation, exchange rates were a particular problem in the world's economy and the IMF was instrumental in establishing an effective system that allowed money to be exchanged between nations. This purpose was largely obviated in the 1970s as the system designed by the IMF following the Second World War was abandoned but at such time the IMF became involved in other financial areas. Today, the IMF is involved in three main areas of concern: surveillance, money lending, and technical assistance.
As part of its surveillance responsibilities, the IMF facilitates the cooperation of its member nations so that the financial policies of one member do...
In performing this function the IMF oversees the financial policies of each member nation while at the same time keeping a watchful eye on the world economy. This surveillance activity is performed constantly and the IMF issues reports detailing its observations and issues said reports. The member nations as part of their responsibilities of membership agree to cooperate with the IMF and the other member nations in order to promote worldwide monetary stability.
In part of its lending authority the IMF periodically lends money to member nations that are experiencing actual or potential balance of payments problems. Through the use of this service member nations are able to rebuild their economies and stabilize their currencies. As a condition of receiving a loan from the IMF the member nation must agree to correct the underlying problem or problems that led to the need for the loan.…
Poverty is defined as having a meager annual income, insufficient for meeting basic expenditure. Research has confirmed that older adults, from the age of 65 years and above, when poor, confront immense burden in meeting with their basic housing, food, healthcare and other expenses. Poverty in the elderly populations is a persistent and grave issue in America. Almost 10% of elderly individuals (aged 65 years and above) belong to families
Moreover, there are many other considerations that must be taken into account, any of which can obfuscate the impact of the World Bank's actions. UNESCO's perspective is less linear in its logic. Armed with a vague and shifting understanding of the antecedents of poverty, UNESCO not only has trouble measuring poverty but also has trouble drawing links between specific program actions and the elimination of poverty. UNESCO understands that broad
Poverty has always been the bane of society. In modern-day times, with the easy spread of information, poverty is even more magnified. People in wealthy areas and situations are aware of exactly how poor people are wretched areas, and, more critically, people in wretched areas are entirely aware how wealthy people in more fortunate areas. Civilizations have always had vast discrepancies of wealth -- as is indicated by every GINI study
Poverty Imbalance The Gap in America's Distribution of Wealth and the Socioeconomic Consequences The United States often characterizes itself in the context of political rhetoric and public displays of patriotrism as the wealthiest and greatest nation in the world. Unfortunately, the wide variance of living standards represented in this plurality suggests that this is an experience reserved only for those with the means. Quite to the point, the poverty that a substantial
Poverty and Healthcare The complex interplay between poverty and healthcare has been a topic of concern for social scientists, healthcare professionals, and policymakers worldwide. The impact of poverty on access to healthcare, the quality of services received, and the overall health outcomes of impoverished populations is profound and multifaceted. Poor health can be both a cause and a consequence of poverty, creating a cyclical relationship that can be difficult to break
Secondly, the projects are diverted away from its target population because state institutions of these poor countries tend to be weak and inefficient. And in the process, we only encounter the "iron law of political economy" in which the resources that were initially allocated to the poor tend to flow towards those who possess more power because the state is inefficient in regulating these resources. Thirdly, the political dimension