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who leads money to different govermeant of world ?and how

Posted by Mr Naman त्यागी 7 years, 2 months ago

CBSE > Class 09 > Social Science

1 answers

Yogita Ingle 7 years, 2 months ago

The International Monetary Fund (IMF) and the World Bank lends money to governments as per the situation. These organizations are association of different countries. Initially, they came into origin because of initiative of the developed and powerful countries. The power equation in these organizations depends on the relative amount of fund received by a particular country. Since USA is the largest contributor of funds, hence it enjoys the maximum power. There are times when a decision made by the world bodies may not be democratic at all.

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CBSE > Class 09 > Social Science