Exploring the role of International Governmental Organisations (IGOs) in global development, this overview examines entities like the UN, IMF, and World Bank. It delves into their contributions to economic stability, poverty reduction, and the controversies surrounding their policies, such as Structural Adjustment Programmes and their effects on less economically developed countries.
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IGOs are formed through treaties or agreements between sovereign states
Peace and security
IGOs work towards maintaining peace and security among nations
Economic development
IGOs support economic development through financial aid and policy advice
Environmental concerns
IGOs address global environmental issues
The United Nations, World Bank, and World Health Organisation are examples of prominent IGOs
IGOs play a crucial role in promoting communication and cooperation among countries to tackle complex global challenges
International Monetary Fund (IMF)
The IMF provides financial assistance and policy guidance to member countries, but has faced criticism for promoting policies that may have negative social and environmental consequences
World Bank
The World Bank offers loans and grants for development projects, but has also been criticized for prioritizing economic growth over social and environmental well-being
United Nations (UN)
The UN's mandate includes promoting international peace and security, protecting human rights, and facilitating social and economic development
World Trade Organisation (WTO)
The WTO aims to regulate global trade, but has been criticized for policies that favor wealthier nations and may harm the economic interests of less developed countries
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IGOs Creation Basis
Formed by treaties/agreements between states.
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UN's Primary Focus
International cooperation and peacekeeping.
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Roles of World Bank and IMF
Provide financial support, economic policy advice.
