When drafting international environmental agreements, nation states must be aware of how these solutions will be funded. The UN has various institutions in place that deal with funding. Background World Bank/IMF World Bank - The World Bank is an international organization founded by the United Nations (UN) with the purpose of financing projects that promote the economic development of its member states (Britannica). The International Monetary Fund was created by the UN to stabilize international economic cooperation and balance currency exchange rates (Britannica). Both institutions support the “structure of the world's economic and financial order” and “concentrate their efforts on broadening and strengthening the economies of their member nations” (IMF). However, there is a main distinction between the two. While the Bank is a development institution that aims to end extreme poverty in UN’s client countries, the IMF is a cooperative institution that attempts to strengthen the cu...
Comments
Post a Comment