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Assignment Brief/Task The World Bank and the IMF (International Monetary Fund) were created in 1944 by the leaders of the 44 nations at a conference in Bretton Woods, New Hampshire. Unlike the UN, the World Bank and IMF were controlled by �one-dollar-one vote�, than �one-country, one vote� system of governance. This led to the US and the developed countries having the most influence and control.
The so-called G7 collectively have almost half the votes of both organisations and the US alone has a veto over decisions regarding the mandates and structure of the organisations.
You are required to critically evaluate and examine the effectiveness of the IMF/World Bank financial support to developing countries over the last thirty years.
Learning Outcomes Tested � Demonstrate an appreciation of the core principles of International finance
Assessment Criteria This assignment will be assessed on the following criteria:
1. Level of understanding, analysis and application of International finance principles.
2. Use of source material and referencing
3. Quality and structure of written presentation work
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