Want to create an interactive transcript for this episode?
Podcast: Word to LIve by & Reagan Forum
Episode: Words To Live By – The World Bank and the IMF
Description: In September 1984, the day after the President addressed the UN, he addressed a meeting of the World Bank and the International Monetary Fund. The World Bank was established along with the International Monetary Fund in 1944, at the Bretton Woods Conference. The Bank is an international financial institution that provides loans and grants to the governments of low and middle income countries for the purpose of pursuing capital projects. During the 1980s, the bank emphasized lending to service Third World debt and making structural adjustment policies that were designed to streamline the economies of developing nations. The International Monetary Fund (I...