Essay On The Ompics Of International Financial Institutions

The thesis, The Water Crisis in Third World Countries, By Monterey Starkey from the Honors program at Liberty University describes the difficulty of obtaining adequate drinking water and presents solutions to this issue. Starkey begins by noting the importance water has on the human body. Additionally, Starkey explains, fresh water is becoming scarce which makes water transportation difficult to needy areas. Aquifers and rainwater are possible solutions to water transportation (Starkey 9). The cost of water in poverty-stricken are much higher than those in rich areas (Starkey 10). The article also implies water shortages affect community growth (15). Starkey believes filtering, boiling, chlorinating, educating, harvesting, roof catching and

According to most resources by 2025, two-thirds of the world’s population will run low on drinking water. The World Bank Group pushes privatization as a solution to the water issue. World Bank is the largest funder of water management in the world, with loans and financing fed through the group’s International

Around the world there are countries like Libya with limited fresh water sources that’s within several hundred kilometers between each other. This alone would be bad enough but, getting the water would be harder for disabled people which makes up fifteen percent of the population (and higher in developing countries). Therefore, there needs to be an efficient system to help countries have opportunities to have clean, safe, water accessible for people of all kinds whether they be disabled, national minorities, poor, or elderly.

With an emphasis on the Water Project, actions are being taken that would improve the quality and quantity of Ethiopian citizen’s access to water. On the homepage of the Water Project’s website, the organization states its purpose, as well as what people around the world can do to help eliminate the water crisis in Ethiopia, priding itself on the fact that it is one of the only organizations to provide detailed documentation of their progress. According to “Water in Crisis - Spotlight Ethiopia”, if one person would donate only $1 toward funding the construction of dams and rain catchment systems, there would be a return of $3 - $34 in economic growth. With a focus on sub-Saharan Africa, the Water Project has currently constructed 1,303 wells, which tap into the reservoir of water located just beneath the surface of Ethiopia. The Water Project is adamant on making an impact in the lives of African citizens by not only establishing wells, but by creating the wells to be reliable and sustainable. Through the use of donations, the Water Project is implementing new technologies alongside the wells in order to involve donors. In spite of all the proactive and effective ways that the Water Project is utilizing its donations, there is currently not enough money available for them to expand in establishing more projects. Due to geology, climate, and technology, the

participants in this conference created three organizations to help regulate the international economy. The first is the International Monetary Fund (IMF) which was established with the idea of regulating monetary policy. One of the benchmarks of the IMF is the stabilization of exchange rates and the loaning of money to help stabilize countries with balance of payments deficits. The second organization established was the General Agreement on Tariffs and Trade (GATT) whose main focus was on a liberal trading order.

In addition, a portion of the water fees from affluent consumers should be earmarked for a multinational fund that supports water supply projects in poor nations. Moreover, lending agencies like the World Bank must begin to focus on local infrastructure development rather than harmful dams and diversion projects. These solutions may be difficult to accomplish, because we tend to view water as a local issue when, in fact, it is a shared resource that requires global cooperation to manage appropriately. How we respond to today's water crisis will determine whether we actually know how to survive or only know how to misuse a resource on which survival depends. Jeffrey Rothfeder's

The main concept of the article is to explain why the New International Financial Architecture (NIFA) was created and who is being benefited from this approach. The discussion begins with an examination of the power structures of the global political economy by focusing on the continued dominance of the USA. The article presents the contradictory relations between USA and global finance will be explored so as to shed more critical light on the NIFA. This article critically examines the NIFA by linking its institutional components to the larger contradictions of the capitalist inter-state system. A contradiction is the constant promotion of financial liberalization in emerging

The global market has never been larger, more dynamic, or more diverse than it is today. Financial institutions have shaped it and improved its efficiency, thereby making both the users and providers of funds better off. The process through which savings are allocated into productive investments is crucial for economic growth and general welfare. Investment banks are involved in this process, but what specific roles are attributed to them with respect to financial intermediation, and how well do they serve their functions?

Access to improved water in urban areas of developing countries is worrying since it has steadily declined over time (Kayaga et al, 2007). So far, investment in the urban water supply does not reflect a formula that matches the rapid urban population growth. Most water supply infrastructure is aging. For instance in Nairobi, many of the capital’s water pipes were laid down before independence in 1963 and are now worn out, hence leading to a loss of about 50% of water (Moraa, 2012). As such, the amount of water lost could have been used to increase access.

The three major international economic institutions are the International Monetary Fund (IMF), the World Bank and the World Trade Organization; this book mainly focuses on the IMF and the World Bank, due to the author’s first-hand experience with both institutions. The IMF, a public institution built as a guiding hand for economic stability around the world, has brought false

After the crisis of 2008, there is renewed discussion of the need to reform the global financial and monetary architecture.

1.The international financial institutions (IFIs) are central pillars and the architects of the global economy. The world bank and IMF were founded and funded by the United states after the second world war to build shattered world economy after the war and great depression of the 1930s (socialist alternative,). The creation of the IFIs was to bring about a global economy after the “isolation economy” which some argue brought about the Second World War. The IFIs were to help the economy of the less developing countries (LDCs) to bring about growth and development, a phenomenon known as globalization.

The Hidrocapital which is a part of the environmental ministry is one way they are solving the water crisis, but they still have a long way to go since they do not have a proper water schedule delivery. The people will have to wait because they will never know when the water will arrive. The government lacks the communication with the residents, which, “Critics say the government should have begun rationing water earlier rather than allow the Lagartijo reservoir, one of six supplying this city, to turn bone dry in recent weeks" (Vyas 2014). At the last minute, the government decided to ration the water, which puts pressure on the other water sources such as the two other national parks. This, in turn, will not only cause inflammation on the water prices, but also the rise of poverty in the capital. It has gotten so bad, that the protesting has turned into violence. With that, people have pulled out guns and resorted to violence so that they can get more water which has caused the rationing system to become defaulted. Another important factor is that water is a key factor for generating electricity and because the region is prone to droughts, that impacted the hydroelectricity business.

- We in the water sector value the efforts exerted by the German Government and GIZ IDWS for the assistance provided to the urban water sector, and the progress of the Damage Assessment Study DAS III. We are realizing that the next challenging step is the translation of these investment packages on the ground (physical and human investment). It is also a good news that GIZ IDWS will sponsor and organize a workshop to gather all donors community and other stakeholders to discuss the mechanisms of providing coordinated and streamlined interventions in the water sector.

Action is needed to improve water resources planning, evaluate availability and needs within watersheds, reallocate or expand existing storage facilities where necessary, emphasize the importance of managing water demand, develop a better balance between equity and efficiency in water use, and overcome inadequate legislative and institutional frameworks and the rising financial burdens of ageing infrastructure.