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| Topic: |
Business
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| Number of pages / Number of words: |
7 / 1812 |
Essay's paper body
These organizations provide loans to governments for large-scale projects, as well as for restructuring and balance of payments (on condition that they make specific changes IFIs believe will boost economic growth). (Holmes 2005)
2. International Financial Institutions
While each organization came into existence under different circumstances, each is vital to economic growth around the world and to the global economy...
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For example, the World Bank, also known as the International Bank for Reconstruction and Development (IBRD), provides loans and development assistance to middle and lower-income countries with a stated aim of reducing poverty. Loans generally have a five year grace period and must be repaid over a period of 15-20 years...
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General points of the essay
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