What's the difference between the IMF and the World Bank? | CNBC Explains
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- Опубликовано: 11 окт 2017
- The IMF and World Bank hold their Annual Meetings together each fall in Washington. But do you know the difference between the institutions? CNBC's Elizabeth Schulze explains.
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Give a man a gun he can rob a bank, give a man a bank he can rob the world.
No. Give a man a gun , and he'll protect his family. Give a crook a gun and he'll rob a bank.
Give a man a Meme and he'll repost it
Teach a man to Meme and he can become President
Give the man a loan and he owes you a debt, FORCE a country to take unwanted loans and you own the land and their people.
Give an American a gun and he will refuse to take it. He's probably got one already. Probably already shot some people dead at a public place.
@@MichaelBrown-lw5zh #AmericanIdiocy
The real gangsters of the world.
Controlling the world through debt
Thug life 😎
If i ever decided to join a gang,i’d join them😄
i like bankers and financiers dont criticize them.
Rothschild. Financial criminals that thrive on the tax payers through irs
One create economic crisis, the other pretend to fix it.
Deep!!!!!
hahah :)
And you explained it in one sentence, nice
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I always look at the comment section for the truth.
Your name though 😂
Haha me too 😂😂
😂😂😂😂
Yup, you got it right the banks created for systematic loot. Target the most impoverished and gobbleup their country under the name of default. Ex:USSR
Your name its so funy😀🙏
In the name of prosperity of the world, I lend you this money with interest and "special condition" so your country will never ever can pay it back.
Very hypocrite act to save the world
Hahaah...it is true.
You forgot the currency devaluation that comes with it, loan gets 33% costlier over night
This so true
@@samiullahk7223 pakistani sympathizer. Lol. First you create mess,go and beg from IMF and then want that money for free.
@@knightf8648 do you know the debt of india with world bank? we are not fR behind Pakistan, it has growm 500% at 3k per annum in last 5 years comapred to 700 odd in last 67 year's . just do bhajan keertan, you are good for nothing
This video didn't really explain the difference between the two
I agree
It was a very superficial explanation. The kind designed to appeal to #millenials like the journalist, herself 🙄
Mendy H because there is no difference..same loan shark,
Baraqua Amina Levy-Khan Lol 😂 I didn’t want to say anything but she looks way too young to be talking about a heavy topic like this..
The world bank issues debt, while the IMF gives loans.
hope that helps
You forgot that both in the 80s Helped cripple economies in Africa and South America because their Structural Adjustments programs had Xtreme and disastrous affects in those nations
Really wrong.
@Raine Riny 7 because both of them suck at their job, it's like any other government run program.
they did them same in SE Asia in 97 crisis ....
@Raine Riny 7 because they are funded by other countries which themselves have this ROI , the interest, to supply these funds. otherwise IMF would prob. have no funding at all. Also a lot of their funds actually origin in private fundings which also need the ROI as interest to supply funds. as u don’t buy stocks i.e. just to support one company without expecting a benefit for yourself by taking the risk ? Also, if they wouldn’t imply these self beneficial rules onto the borrowers, who would recognise their credibility. The world isn’t selfless as that and especially not the economy. but if you have a different opinion, please tell me :)
They purposely "forget" such stuff.
"Providing loans to countries struggling to repay their debts." In other words a two way trap🤔
Instead of loans again,,, development projects
Yup 🎯
The loans given are incredibly flexible and provide short term foreign currency reserves to desperate nations so that they don't go bankrupt. The only conditions made are for the country to clean up their public finances and learn how to budget effectively.
@@luke_cohen1 budget? That's a big problem to some. Why in the world do you budget?
@@luke_cohen1 don't forget that you need to throw away the worker's rights so they can be super exploited by foreign companies
When she put help and bank in the same sentence I know it would be a bias video
Sad that Banks are responsible for so much chaos in the World
Sad ? They were created for that very purpose of debt and default
who really is to blame?
I see what you did there, nice world bank joke
@@samiullahk7223 their policies only benefit the west
Both are mob imperialist money lender
Basically both lend money to the countries
one saves them from crisis and one lends for economic development, right?
That much pretty sums it up, Nishant! Thanks so much for watching.
Really, is it that simple. IMF and World Bank are neo liberal control mechanism. They promote global economic stablity, really. Greece , Pakistan and Pakistan is so stable.
Greece was forced not pay off its cripple debt as recorded by Greece's finance minister Yanis ..
And, this instution have always acted as glorifed back door to ensure smooth entry of Anglo American corperation to loaned countries.
It's also sets fiscal restrictions on the loanee country sowing the seeds of civil revolution.
So, I guess you should rather how American corporate interest is screwing the world over?
Again, it's always ok. Consider yourself to be on the good side. These very same ask the loanee country to reduce public health spending, reduce pensions for govt employee , education spending etc.
But if your are a Republican I am.sorry, you lonnies love such greedy bastrads.
If not wats conservatism.
If you don't ascribe to GOP, them.please make a educated and research based video on monsters called IMF and World Bank.
Akhil Khan Vinayak you nailed it. Nomi Prins explains it well. This is the fantasy, Disney version.
Basically both put countries into debt and use that gain control over them?
L Ngwenya control wtf? Their not China...
Never seen such a well presented video. Great job Elizabeth.
Sooo Gooood to see a news piece just explaining an important concept without getting into 'expert opinions' or moral lectures. Thanks 🙏🙇
Moral opinions are so traumatic? I wonder why?
1. It is an edge on lie that has gone stale now, that they reduce poverty & hunger is what they create to control masses & dictate to global southern countries-87% of the world, undermining sovereignity yr in yr out, Ouch!
2. She has raised moral issue/s under an ethcal banner.
3. Try to get a global southern country to go free pring on cash....? No, that is a right reserved for you and me. Look what we did to their economy.
It is a bit strange how Pakistan borrows from IMF if such an interest rate is haram in Islam.
Azeke Kazakhstan that's the only choice they had. There's no such institution that promote islamic financing towards a standard as world bank or Imf.
Amir Faris What about as an example Al Hilal Bank, Abu Dhabi Islamic Bank and etc? I merely suppose that there might be other options, but I am not sure.
I respect rules of economics and banking according to Islam. Talking about Pakistan, they themselves lend money on interest to their own population.
And I guess it's the same in most of the Islam countries today.
Suraj Sharma true
E
Malaysia is the example mahtir Mohammed refuses IMF the economy got better and built the twin towers before it IMF condition makes the economy suffers alot.
Yes, thanks to Dr. Mahathir, Korea borrowed and now 55%+ assets belong to the west, Indonesia paying interest for ever, in short, both were fxck by WB & IMF!
Say that to the country which feel their financial crisis become worse (Nation's asset force to sold to foreigners) after accepting loan and suggestion from imf
Can we get a series on the inner workings, histories, and people behind government agencies like the FCC, EPA, Department of Interior, and NIH? Would love that
I really like how they quickly mention some of the serious controversies and then she’s like “but who knows lol that’s not what the world bank and IMF says lol”
great definition of the difference! Thank you. It helped too much
Same as Escobar when he was dealing with government: Take the money 💰 or we take your family
You forgot to mention the IMF implements the "Washington consensus" as conditions to borrowers
and IMF additionally lends out money to poor countries at ridiculous interest rates, and if the leaders either pay back or reject the loans, the IMF funds the political opposition in the poor country to get more cooperative leaders to do the deals. case and point, Libya and Venezuela.
the iron bank always gets it's debts repaid, one way or another
Incredible channels that picks up very very imp topics and is highly to the point thus giving u priceless info without consuming much of ur crucial minutes. Keep it up
That presentation sounded surprisingly fair. Not sure why youtube thought today was the day for it, but sometimes the algorithm provides.
Omg thank you for this video. A bit clearer about the difference but nevertheless the roles are well explained.
You needed to be more specific about the 44 countries present at the hotel conference as 44European/North American countries. That's a very important detail.
If IMF's role is to monitor countries to avoid crisis, how can Venezuela and Zimbabwe hyper inflate its currency under it's watch?
their job is to destabilize and control third world countries under the disguise of loan "assistance"
Kind of hard if there is a dictators that don't want to listen
Thanks for covering this topic
Thank You Elizabeth ...for this presentation !
Useful for prelims... however I really wanted to know the concept of SDR
Propaganda is getting smarter
Music is the same though
@@CultofThings and the media
Thank you. This is very helpful.
Thank you! That was helpful
Do a story on the dispute between Belize and guatemala
Promote higher living standards ha ha ha, ask Greece that !
Very interesting and useful video, historical infos, well presented and some ironical lines too, like the one about WB reducing poverty
thanks today i learnt the difference very helpful as iam doing economics
Thanks for letting me know about the two institutions. I really agree to some ooints their loaning conditions. Most of these moneys from IMF are not used accountably by thoe that receive and yet the countries continue to receive more loans and endebt the whole country. To some points they do good for only the World bank on fighting diseases.
When Reiley Ried talks about macroeconomics
Haha damn thinking same 😂
Thanks for the knowledge.
This video was very helpful.
I've greatly enjoyed CNBC explains, they have been very insightful. For an idea I was hoping you could create an episode on the bias in news reporting. For fairness be sure to address yourself as well.
Harshul Batra ha! Like in the movie "Zelig"
Hi Harshul Batra?
Greece has a lot of generational debt spanning more than a century, it's not just to the IMF.
It's also a major reason for their instability.
Thank you so much for the information 🙂
Nice breakdown and Ty!👀👌👍
Imf is for economic stability and world bank is for economic growth.
I love this lady
very helpful
Hi
what if don't have an International Monetary Fund do you think our economic system will still exist?
one is more corrupted than the other?
Still confused after watching 😏
Short and sweet !
Thank for useful video
The IMF has been criticized for tying their loans with structural changes to the economies of the “benefited” countries pushing a neoliberal agenda. These changes brought crises, which forced countries to get more loans (with more demands to change the country’s economy).
they also get to own the collateral - geographical resources and industries extracting them, leaving the host country poorer and more chained in debt. they bribe leaders to take more IMF loans, and if the leaders reject or pay off loans, the IMF simply funds the political opposition to get more corporative leaders to do the dirty deals.
I'm surprised no one has commented how cute Elizabeth is.
She is so cute in every video
News Moto we know she is cute
News Moto i like her bro
Because some of us are actually here to learn stuff, like, WHAT'S THE DIFFERENCE BETWEEN THE IMF AND THE WORLD BANK?
I'm surprised you had to comment on looks in an educational video :D
Pretty cool! Thanks!
What about the bank of international settlement (BIS), is it different from the world bank?
these are great, what if a nation cannot pay off its loan from the world bank? Can there be foul play here? Forcing countries to take loans that they cannot pay off and taking resources? Who polices these banks? Where has there been conflict of interest
It's usually demanded in full or with collateral in exchange. From what I've read, one of the ways that countries pay it back is that they either cut back funding for important programs like education, agriculture, healthcare, etc. which creates more poverty and illness----or they sell away their land and the control over certain resources. Corporations will lend them money to buy up this land at very low rates. Farmers are forced to give up their lands, often via intimidation. Either they take the money or they end up dead. Their land is taken one way or the other. The country gives the authority. These are called corporate land grabs. And they're happening at a more rampant rate. This is how IMF and World Bank destabilizes these economies. Our growing population in the wealthy West creates the demand, and bc our limited lands & resources can't keep up to supply our needs, corporations go into these desperate countries and exploit them when they're most vulnerable. We're partly to blame bc our overly excessive consumptive habits are ruining the world. About 1/2 of what we consume gets thrown out and the other 1/2 is overflowing our homes with unnecessary junk. But we're disconnected from it, so we're indifferent. The phones & computers we use, the clothing & food we buy, and the demands we make are reinforcing this system. It needs to change, it needs to be fixed.
@@YourMajesty143 actually they demand a pie in the public sector units of the countries which can't pay off their loans. The markets are opened forcibly to foreign investment and unknown investors with dubious credentials invade the nascent stock markets of these countries. When the economy collapses under the strain of these bad debt the investors pull out their money at a opportune moment after having their profits. Sometimes dictators are supported who can guarantee that they can wrest back the debt from the people. I think most people in west are ignorant about their govts activities.
How does imf give loan?
Isarel palestine conflict?
Indo Pak conflict?
Why russia and usa have bad relations?
Why china and russia have good relations?
Why usq qnd china have bad relations?
The fallout of USSR?
The great depression?
Referring this, one day before exams. 😂 Thank you ❤️
Nice work Elizabeth!
People who hate imf and wb so much need to remember that when a country is in crisis they need loans. without imf and wb, those countries would have to go to a foreign commercial bank (i.e bank of china, or smth) and exploit them cruelly. yes imf and wb also not that just, but they are run by representative of all nations so it has more sensibility than just a one-nation bank.
And that is what they tell you. Have you ever been curious how come they are so rich that they can lend anyone with money? If its a loan w/o interest then it is not help but a business.
if you believe that, I've got a payday loan to help you get richer, don't worry about that shark behind me. It's just a pet.
Reminds me of Shakespeare's Shylok
She looks like "RIELY REID" !
dhas aneesh LOL TRUE
She's a hard performer! Damn!
dhas aneesh It's RILEY REID. You're spot on... 😶
This comment is almost as bad as the IMF propaganda
I love this thank u
Terimaksih untuk beritanya
The two main groups responsible today's crisis 👌
Yeah because all the structural problems from countries that have no investment due to country risk, deficit and corruption are because of the FMI exist. Logic at it's finest.
Impossible mission force. (IMF)
Thank you Sir. Can we use this video as a video supplement for teaching materials at the Indonesia Open University?
Awesome video!
Elizabeth is really cute. I watch CNBC because of Elizabeth. Keepit up Eli and make more videos
Well, I guess they put there just for you to pay #attention ⭐️⭐️⭐️⭐️⭐️
Where is the difference between IMF and World Bank?
Having practically the same covert global agenda, they also have the same mastermind behind..
IMF get $675B every year in quotas, and have an outstanding book of $160B in lending arrangements. So where's the other $500B, and the $600B from last year, and the year before etc. etc. ?
Thanks
Anchor is so beautiful 😍
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An attractive reporter indeed, well done cnbc
Well described and with out judgement.
Many try and blame these institutions for the problems of their countries. First I would note that it is always up to the leaders of the countries who engage with the IMF or World Bank to enter into reasonable contracts or to reject the contracts. If a country enters into a contract in bad faith or does not fulfill their part of the agreement, who's fault is that?
The use of military takeover has been replaced
by armies of Lawyers marching into Nations,
to extract resources....
John Perkins has illustrated how this
principal works.....
The IMF is still to blame if they are helping to destroy the country, which they usually are.
So are their wacky economic theories that never work, unless their motivation is malicious or greedy.
So,
The Main Goal is to control countries economy through Currency and Trade
Plus, lending money to improve soft power
Interesting
Interesting information
thank you for this video now i can answer my comparative case 😂😂in market integration hahhaha more videos please
Self serving bureaucracy
The music is ridiculous. Do a version without the stupid diddly music overlaying the narrator.
Dude, the accuracy of info is more important than the music in this video. Plus it kinda gives the discussion topic a lighter feel.
MegF lol true
shanzsocannon it's not a light topic. Music should be apt. It's not a cartoon show.
Its like a loony toon episode she's bugs bunny
@@Geo.StoryMaps LOL! 🤣
And how do you differentiate it from ADB (Asian Development Bank)
ADB is part of Regional development agencies which have more regional (as opposed to global)objectives relating to economic development.
Everyone falls in financial crisis, except IMF, World Bank and all central bank in each country.
3:05 I would've imagined these numbers to be much higher.
I like the reporter so much. Very clear explanation
are u a hot boi
yes u r
Are you using mobile phone to record the video?
wow thank u
Word of Bank(globally bank)banker operations&department process (practical&practice order)&IMF are society bank&banking system,maybe.
Can u give subtitles to your show
anyone notice how the guy at 0:21 snapped that neck around when she walked by lol
Okay 👌 presentation
Thanks for making me not fail my test tomorrow 🥰
If the World Bank is the IBRD, why did our textbook introduced five banks? It says that "a family of five International Organizations." What does that means? I'm sorry but I'm really confused of the other banks role..
Elizabeth you are so straight forward with this information. Thank you so much.
What is the distance between them ?
Do a video on the repercussions of Nixon's delinking the US from Gold.
I like this video
how did you do it can you share with me , thank you
Excellent presenter.