IMF and World Bank

[bailey_187]

What are the function of these?

How do they make decisions? i.e how are they structured?

Who are the members members? Do the rich country members have more say?

What has been the impact of these?


Thanks

[FSL]

US president appoints the head of the world bank and the US has an effective veto in IMF if I remember well. When countries can't get loans from market institutions (big debt/bad state of economy or whatever) they go to these. They 'll loan the country money if it agrees to "responsible" neoliberal policies to make sure it will be able to repay.