Unit 4.10 · Economic Growth and/or Economic Development Strategies
Multilateral Development Institutions
AO2
Syllabus Requirement
Role of institutions like the World Bank and International Monetary Fund (IMF) in supporting development through financial and technical assistance.
Assessment Objectives
AO2Application and Analysis
Summary
Multilateral development institutions are global organizations established by multiple countries to promote economic growth and development. Key examples include the World Bank and the International Monetary Fund (IMF), which serve different purposes in supporting countries, particularly those with lower incomes, by providing financial resources and expertise.