IMF and World Bank
John Headley-Soto World History Per. 5 September 21, 2003 IMF and the World Bank Within the last decade there has been a lot of controversy over the policies of the International Monetary Fund (IMF) and the World Bank. The IMF and World Bank have been empowered by the governments which control it (led by the U. ... , Japan, Germany, France, Canada, and Italy) with imposing economic severity policies in the countries of the so-called "Third World". ... None of the countries has emerged from their debt problems; indeed most countries now have much higher levels of debt than when they first accepted IMF/World Bank "assistance.