I will pay for the following article The Policies of the International Monetary Fund and the World Bank. The work is to be 6 pages with three to five sources, with in-text citations and a reference pa

I will pay for the following article The Policies of the International Monetary Fund and the World Bank. The work is to be 6 pages with three to five sources, with in-text citations and a reference page. IMF and World Bank‘s activities and initiatives have been ineffective to the individual people for their financial. It is very important to be focused on how these institution’s policies have threatened human rights and democracy throughout the year (Woods, 2007, pp.95-96). The IMF along with the WTO and the World Bank has put the global economy on a greater path of inequality and environmental destruction. The IMF’s and the World Bank’s structural policies ensure the repayment of the debt by requiring the country to reduce the spending in education and health which is eliminating basic food and transportation subsidies. It also devalues the national currencies to make export cheaper and the wages can be freeze. Such measures will increase poverty, reduce countries’ ability to develop strong domestic economics and allows multinational companies to exploit the workers and the environment (Danaher, 2011, pp.75-77). Basic human rights are defined by the Universal Declaration of Human Rights (Spilimbergo, 2007, pp.88-92). The Banks and the funds are eroded in basic human rights and their prevention of the democratic process has made the international financial institution to the present threat to hundreds of people worldwide. The IMF and the World Bank have an advanced form of economic development that is mainly a concern for the wealthy lenders, the multi-national corporations that are neglecting the needs of the majority of World’s people with lower income level (Weiss, 2013, pp.75-78). Like a democratic system in which the members would have an equal vote. Wealthy countries are dominating the decision making in the IMF because the voting power is determined by the amount of money that each of the countries plays into the IMF’s quota system.

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