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INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT:
The main function of the IBRD is of long-term capital assistance to its member-countries for their reconstruction and development.
The IMF and the World Bank Work in Tandem
World Bank BOP support is not available without a Fund programme, while a Fund programme cannot be finalised without the prior negotiation of BOP support from the World Bank and from bilateral donors to fill the programmed 'resource gap'. The bilateral do not commit funds until negotiations with the World Bank have been concluded. Whereas the Fund sets the macro-economic guidelines and targets of a programme, the World Bank imposes a long list of neo-liberal micro-economic policy reforms on the borrowing country.
Black or underground or illegal economy: Black or underground or illegal economy has to be conceptualised as an integral and growing part of a variety of economies which emerg
Illustrates the stages of the production of an economic conclusion? The production of an economic conclusion generally goes into three stages as follows: Stage 1: It is no
What is the role of profits in a market economy? Profits act as an incentive to producers and potential entrepreneurs, and also as a signal to both that resources may be re-al
Natural Rate of Unemployment: According to neoclassical economics, wage rate is determined by a process of labour-market clearing (in which employers and workers compete with each
bain''s model of limit pricing with diagram
use of diagram how the price mechanism operates to allocate scarce resources. use examples to illustrate the answer.
what is ratios GNP? what is use of models in macroeconomics?
suppose either computers or televisions can be assembled with the following labor inputs: units produced: 1 2 3 4 5 6 7 8 9 10 total labor used: 3 7 12 18 25 33 42 54 70 90 Draw th
What are the possible advantages of free trade? Firms a) Specialisation and enhanced use of comparative advantage b) Possibility of advantages of scale c) Spread
What is meant by the multifaceted nature of the U.S. health care system? How is health care financed in the U.S.? What is the advantage and disadvantage of the U.S. multi-payer sys
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