The IMF and World Bank

The IMF and World Bank


The IMF and World Bank are the world’s two leading lending institutions, but much of their monetary assistance disappears once it enters the banking systems of developing countries.

A) Discuss information from the Webtext chapter reading and lecture that presents evidence that much of the monetary assistance and other forms of aid are stolen by government officials.

B) Explain in detail what other MAIN factors account for the misuse of these funds.C) How has the IMF and World Bank tried to control fraud, theft or corruption in developing countries?

NOTE! Class in answering these questions (Main Discussion), please provide sufficient and detailed content–short answers or bullet points are not sufficient. Please use complete sentences, include specific examples from the reading, and provide at least one reference. It is a good idea to refer to the Weekly Discussion guide (examples) before posting.


Please respond to at least one (1) post from your peers. Consult the Weekly Discussion Guide and view the examples of Student to Student responses before posting.


Class, as we move into Week 2, we saw that from Week 1, poverty is the very large central focus of many developing countries. Clearly there are many variables that are involved in the persistence of poverty among so many in nations around the world. Wealth inequality is usually well known for many of these countries, however, less well known is the fact that so many developing nations hold the majority of the world’s vast natural resources. These nations have great potential to develop through technologies (as many already have) to exponentially grow their economies to benefit all of their citizens, not just the very few who have gained a great deal of wealth.

Please view this short video and share your thoughts regarding the importance of growing jobs and energy in the country of South Africa.

Professor Royal-Smith

Watch video south Africa is facing a jobs and energy crisis

User: n/a – Added: 8/6/19

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AND respond to this post directly:


A)Discuss information from the Webtext chapter reading and lecture that presents evidence that much of the monetary assistance and other forms of aid are stolen by government officials.

I think in any government there is a risk of corruption. Even with the amount of of government regulations and government oversight to try and limit corruption, there will still be government officials that find ways to steal. Some of the ways monetary assistance is stolen by government officials are bid-rigging, kickbacks and preferential treatments for selected government officials. In developing, countries kickbacks are a huge form of corruption because those that are in power have the means to keep themselves in positions of power by taking a kick back and favors from the political offices and banks that are loaning the money. In most cases, the population in these developing countries are uneducated and doesn’t have the resources to fight the corruption from their governments, so the cycle just continues.

Another way aid is stolen in these regions is through the use of military funding. In these regions, the military is heavenly depended upon to maintain peace and order and in most cases, military officials are not transparent with their spending, so they are able to steal millions from government funding and use for their own personal use. If there is no transparency, then there is no way to account for the mis obligation of funds which allows them the opportunities to steal

Explain in detail what other MAIN factors account for the misuse of these funds.
One of the main factors that account for the misuse of funds is in most developing countries there is not an honest bureaucracy established to oversee the finances. With as strong of a bureaucracy that the United States has and all the government oversight and various agencies created to oversee government spending that is still theft and corruption that occurs so I can only imagine how rampant it is in these developing countries.

C) How has the IMF and the World Bank tried to control fraud, theft or corruption in developing countries?

I think one of the main ways the IMF and World Bank have tried to control fraud is by being transparent and by having to account to more than one official.

The IMF and World Bank

Sample Solution


o The administrations (results) of Bosch Nefit are sold by various wholesalers, they are basically concentrating on Housing Associations and counselors. Bosch Nefit is a B2B organization, so they offer every one of their items to wholesalers and not straightforwardly to the shoppers (B2C). The items that are sold are Boilers and Heating Systems (Thermo innovation) o The nature of the items is to arrive at zero disappointments during the creation in the industrial facility. By this there is a prerequisite to ensure that the representatives who are employed are had some expertise in their undertaking whereby we can make a point to convey the necessities and needs to the clients. Crafted by the representatives will likewise be checked;  During the handling in the manufacturing plant, so after each progression they did, the other worker checks on the off chance that he did it effectively  When the Boiler is prepared for the wholesalers there will be a last check in the lab. o Product plan, on the off chance that you take a gander at the ‘savvy indoor regulator’ it is an imaginative structure and simple to use fo The IMF and World Bank r the clients. • Price o If you need to purchase an evaporator you have to contribute a major measure of cash, as a rule between the 1000 and 2500 euro’s however as an arrival you get an item with an actual existence time between the 10 and 15 years. On the off chance that you don’t have the cash to purchase the evaporator there is additionally a likelihood to lease a heater, so you simply should pay every month. o Price methodology; They make the costs of the items higher, yet offer free different items after you got it, to remain aggressive with different organizations. • Place o Bosch Nefit is creating the items to end use-items  Nefit offers their items to various Wholesalers  The wholesalers offer it to retailers or installers  and the last advance is to convey it to the purchasers (End User). o You can purchase boilers by utilizing on the web sites or to go at a store who sells the boilers. o The administrations Nefit conveys on the site are, responding to inquiries of the clients, make handouts for the clients and making an idea for the clients. o Bosch Nefit is settled in The Netherlands, Deventer, Zweedsestraat 1A. • Promotion o The utilization various sorts to advance their items/organization; Send a mail to their installers and accomplices, utilize radio/media/recordings to advance, advance in papers or flyers and in online sites. o In the advancement they show bargains, what is acceptable about their items and why you should get it at Nefit and not at another organization. In content reference Marketing Mix: (DE ONLINE ZAAK, 2018) (Nefit, 2018) (Tempel, 2018) Objectives and targets Bosch Nefit objectives and target We accept that Bosch Nefit represents assurance, as expressed in their strategic vision on their site. They offer dependable, broadly appropriate and supportable answers for warming and vitality supply. Their vision expresses that they need to separate themselves from rivals in their market. They do this by offering great items, and an excellent assistance. (Nefit, 2017) Watchman’s conventional systems The hypothesis we will use to characterize Bo The IMF and World Bank sch Nefit’s system will be the Porter’s conventional procedures. This procedure portrays the manner in which an organization attempts to increase an upper hand in its market. There are four distinct techniques in this hypothesis. The four are: Cost authority, separation, cost center and center separation. In this hypothesis Bosch Nefit is classified in separation. The methodology includes one or numerous criteria utilized by the purchasers in a market, and afterward the objective is to situate the business remarkably meeting those criteria. The technique likewise is typically connected with charging premium costs for the item, as should be obvious with Bosch Nefit’s items contrasted with contenders. Be that as it may, this more significant expense the greater part of the occasions is to cover for the high generation expenses and extra included an incentive for the clients, to obviously separate. Separation is essentially about charging more significant expenses to take care of high creation costs with the objective to give clients clear motivations to lean toward those items over items from contenders. (Instructions Marketing examination , 2018) (Tutor2u, n.d.) There are various ways accomplishment in separation can be accomplished. Be that as it may, it is difficult and it needs speculation. We should begin with high item quality, as it needs to stick out. Marking is likewise significant, individuals need to perceive your image. What’s more, obviously, limited time support, consider promoting and sponsorships, starting at course individuals need to think about your organization. Since possibly not every person knows about your items. (Tutor2u, n.d.) How Bosch Nefit utilizes this technique As previously mentioned, the hypothesis we utilized for this is Porter’s conventional methodologies. The methodology Bosch Nefit utilizes is clearly separation, as they try to be novel in its industry. They attempt to make their items more appealing than those of their rival. There are a few reasons why we accept that Bosch Nefit applies to the separation thought in this hypothesis. The first is bec The IMF and World Bank ause of the enormous measure of cash that is spent by the business on innovative work. This enables them to offer a result of better which individuals are then ready to purchase at a top notch cost. Likewise, clients are probably going to realize the advantages offered by utilizing items from Bosch Nefit, for example, the life span of their items, recommending that their items are in fact of high caliber. (Mind Tools , 2018) Spending limit and Responsibility for promoting • Available spending plan o In 2017, the recorded net income was 186 million euros. (Budgetary Report Bosch Thermotechniek 2017) • Marketing o Marketing and Product Management, which is constrained by the Commercial Director, is liable for promoting in the association. (Bosch Thermotechniek B.V. (TTNL)) Lamentably, our gathering didn’t figure out how to locate the vital data about the accessible spending plan of Bosch and the individuals who are liable for the organization’s showcasing exercises. We are meaning to discover more on Week 6 when we will visit Bosch Nefit again and pose a few inquiries about the subjects to the agent of the organization. Client contact There are three different ways clients can contact Bosch Nefit. The first is the quickest one and that is calling 0570 602 500. At the point when you call this number, you will get the client support on the telephone. They can help answer a large portion of the inquiries and issues the clients have in a brief timeframe. On the off chance that there’s a major issue with the evaporator of a client (on the off chance that it doesn’t warm the place of a client any longer), calling is the best choice, since Bosch Nefit can send an installer right away. The other two different ways are to send an email and setting off to the workplace of Bosch Nefit. Email is a moderate choice since it requires some investment for Nefit to answer all the messages they get. In this way, if a client needs a fast solution to his/her inquiry, email is certainly not a decent alternative. Additionally, if there’s an issue with the evaporator (for instance that a client can’t warm his/her hom The  The IMF and World Bank IMF and World Bank e) email is an awful alternative. The last one is heading off to the workplace of Bosch Nefit. However, for this choice you should make an arrangement. Along these lines, this is likewise not a fast choice. In any case, a few clients locate this a pleasant alternative, since they can talk eye to eye with somebody of the organization. (Nefit Customer Service, 2018) There are a couple of ways Bosch Nefit connect with their clients before the deals. They have some TV – and radio advertisements. (Youtube, 2015) (Youtube, 2017). Additionally, they have advertisements via web-based networking media (like Facebook and Twitter), promotions in exchange magazines and pennants, blurbs and flyers at vendors that sell boilers. (CrossMediaCommunicationGroep, 2017) After deals they contact clients by messaging them data and different notices about new ideas for boilers, however clients have a decision for accepting these messages. Thus, a client can kill that they get these messages.>

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