preview

Disadvantages Of International Economic Help

Decent Essays

International institutes such as world bank are concerned deeply with a country's economic stability and prosperity. Any country which collaborate with world bank or
IMF has vital economic problems, so, practically the usability of loans is indicated to countries which face financial or liquidity problems. On exchange, they give back the provided funds in an elastic manner of time, usually after a decade of a grace period, lasting for nearly 35 years depending on the circumstances. People who control such organisations and manage the provided capital target in the enhancement of a country's economy in parallel with drastic reformings which are supposed to provide a great development. Distinguished economists and technocrats advise government …show more content…

Greece have passed through these disadvantageous results of economic help. The disadvantages of the economic help is the outcome of low performance and adjustment loans that have to be repayed in a short period of time due to the strict policies of the signed memorandum which takes place in the the agreement between the country and the creditors. If creditors acted more responsibly and with pure solidarity, then the quintessence of the agreement would tend to have the initial principles and goals of IMF, world bank or any respectfull nonprofit economic organisation that is the prosperousness and progress of all people. As far as the ensurance of the repayment is concerned, economists should evaluate the process of the funding with strict policies and laws that have to be voted from the government in order to protect the agreement but these policies should be examinated very carefully, because

Get Access