Exposing The IMF And World Bank free essay sample

Reducing poverty.In 1999, the IMF and the World Bank initiated the Poverty Reduction Strategy Paper (PRSP) approach—a country-led plan for linking national policies, donor support, and the development outcomes needed to reduce poverty in low-income countries.Monitoring progress on the MDGs.Since 2004, the Fund and Bank have worked together on the Global Monitoring Report (GMR), which assesses progress needed to achieve the UN Millennium Development Goals (MDGs). The report also considers how well developing countries, developed countries, and the international financial institutions are contributing to the development partnership and strategy to meet the MDGs. Assessing financial stability.The IMF and World Bank are also working together to make financial sectors in member countries resilient and well regulated. The Financial Sector Assessment Program (FSAP) was introduced in 1999 to identify the strengths and vulnerabilities of a countrys financial system and recommend appropriate policy responses.CONCLUSIONIn any capitalist society, the third world debt would be wiped out. We will write a custom essay sample on Exposing The IMF And World Bank or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The Banks who have made the risky loans would have to accept the losses, and the dictators and their entourage would have to repay the money they embezzled. The power structure in society however, prevents this from happening. In the west tax payers end up assuming the risk while the large banks run off with the high profits often derived from high risk loans. In the third world, the people end up paying the costs while their elites retire. It is important to realize that the IMF and World Bank are tools for powerful entities in society such as trans-national corporations and wealthy investors. The Thistle believes that massive world poverty and environmental destruction is the result of the appalling concentration of power in the hands of a small minority whose sights are blinded by dollar signs and whose passions are the aggrandizement of ever more power. The Thistle holds that an equitable and democratic world centered around cooperation and solidarity would be more able to deal with environmental and human crises.Conclusively, although many challenges have befallen the IMF and World Bank, have really tried to embrace their contribution towards economic development in developing country but still there is much to be done for the same to be fully embraced.

Free Essays on Jean-Baptiste Lully

Giovanni Battista Lulli was born on November 28, 1632. His father, Lorenzo di Maldo, was a miller and his mother, Caterina del Sera, was a miller’s daughter. Lully was born in Florence, Italy and lived there until age 11. While in Italy he studied dance and music; he played violin and guitar. In March of 1646 he moved to France to tutor Mlle de Montpensier in Italian. There he studied composition and harpsichord. Lully was able to hear the King’s grande bande perform, witness balls where the best French dance music was played. When Mlle de Montpensier was exiled from Paris, Lully was released from her service and gained the attention of King Louis XIV. In February 1653 he danced in â€Å"Ballet de la nuit† with the King and less than a month later was appointed the King’s â€Å"composituer de la musique instrumentale de Roi.† Over the next ten years Lully gained control over all the royal family’s court music. This is when he began experimenting with performance practices and changing the basic stylistic features of orchestral music. Lully’s â€Å"petits violons† brought him international fame. At this point Lully focused his career on ballets. They brought together Lully’s two favorite expressions of art: dance and music. The dances he composed shaped what is now known as â€Å"French music.† Between 1658 and 1671 Lully wrote thirty ballets. During this ballet frenzy he received his French citizenship and changed his name from Lulli to Lully. He also elevated his father’s status to â€Å"gentilhomme Florentin.† Also in 1661 Lully was appointed the composer of chamber music for the King. In 1664 Lully collaborated with Jean-Baptiste Molià ¨re and started composing comà ©dies-ballets. He didn’t thing the French language was appropriate for large works but was good for ballets. Perrin, a French composer, introduced opera around this time and Lully thought it was absurd. However, when Perrin’s â€Å"Prom... Free Essays on Jean-Baptiste Lully Free Essays on Jean-Baptiste Lully Giovanni Battista Lulli was born on November 28, 1632. His father, Lorenzo di Maldo, was a miller and his mother, Caterina del Sera, was a miller’s daughter. Lully was born in Florence, Italy and lived there until age 11. While in Italy he studied dance and music; he played violin and guitar. In March of 1646 he moved to France to tutor Mlle de Montpensier in Italian. There he studied composition and harpsichord. Lully was able to hear the King’s grande bande perform, witness balls where the best French dance music was played. When Mlle de Montpensier was exiled from Paris, Lully was released from her service and gained the attention of King Louis XIV. In February 1653 he danced in â€Å"Ballet de la nuit† with the King and less than a month later was appointed the King’s â€Å"composituer de la musique instrumentale de Roi.† Over the next ten years Lully gained control over all the royal family’s court music. This is when he began experimenting with performance practices and changing the basic stylistic features of orchestral music. Lully’s â€Å"petits violons† brought him international fame. At this point Lully focused his career on ballets. They brought together Lully’s two favorite expressions of art: dance and music. The dances he composed shaped what is now known as â€Å"French music.† Between 1658 and 1671 Lully wrote thirty ballets. During this ballet frenzy he received his French citizenship and changed his name from Lulli to Lully. He also elevated his father’s status to â€Å"gentilhomme Florentin.† Also in 1661 Lully was appointed the composer of chamber music for the King. In 1664 Lully collaborated with Jean-Baptiste Molià ¨re and started composing comà ©dies-ballets. He didn’t thing the French language was appropriate for large works but was good for ballets. Perrin, a French composer, introduced opera around this time and Lully thought it was absurd. However, when Perrin’s â€Å"Prom...