Help Third World Countris that Lack of Necessities to Compete with the Modern Nations

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Recommended: Describe global poverty

The Development goals of the UN have been focused on one topic. The topic is to help humanity and the third world countries that lack thenecessities to compete with the modern nations. The ideas of these goals that were set back in the 1940-50’s when the MDGs did not exist yet. The convention made the IMF and there were 44 delegates met in New Hampshire in the USA to discuss pre- WWII goals. They range from economic buildup of governments and to end poverty of the world countries. The UN wanted to have Europe reconstructed after the hard fought war and much of Europe was in shambles. The groups were named the IMF and IBRD to help manage and fund the initiative to help the nations (targeted European). The United States heavily supported the idea because they wanted to prevent the spread of communism. The IMF gave out “hard loans” that were near the average market rate but were un-subsidized loans (loans where the borrower is responsible for the interest rate). In the 70’s Robert McNamara came to leadership in charge of the IDA. He stated that the World National Security issue and focus was world poverty. He projected a fund (provided by the US Government…again) to have unprivileged countries and low credit nations to have access to “soft loans” that were below market value. Mc sought advice and help from the World Bank who gladly got funds from the US gov. In the 1980’s, many of the countries that received loans from the World Bank could not pay them back. They had a plenty of debt to their borrowers and in the verge of bankruptcy. The IMF took action and set out more loans so the countries could pay the banks back. This resulted in a wide spread tax increase and cuts in spending for the Asian and African nations that borrowed th...

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... Clocks. CIA, World Bank, Eurostat, n.d. Web. 23 Feb. 2014. .

10"Red Cross Red Crescent's Contribution to the Achievement of MDGs." - IFRC. N.p., Mar.-Apr. 2010. Web. 23 Feb. 2014. .

11"Primary Health Care." Primary Health Care. ICRC, Red Cross, Red Crescent, 29 Oct. 2010. Web. 23 Feb. 2014. .

12"Belgium-Economy." Wikipedia. Wikimedia Foundation, 21 Feb. 2014. Web. 21 Feb. 2014. .

13"European Economic Community." Wikipedia. Wikimedia Foundation, 22 Feb. 2014. Web. 23 Feb. 2014. .

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