Thank you Mrs Franklin .... I agree with you ... definitely this is a very controversial question... let s see some other opinions

sorry to say that both that are not doing any thing,and for whom who says to follow neoclassical theory,or other theory, they stool countries wealth,and make it more poor.

Dear Mr. Alalaya,

No any excuse this is a free platform to share your own opinion and I really appreciate your contribution...

Dear Sabine,

The main reason why Word Bank and IMF loans are criticize is the stringent conditions attached to them. Most developing countries today patronized China because their conditions are more favorable. Also, the grants from them are not criticized because they are parts of the high interest and other charges inherent in their loans. These institutions used the right hand to give grants, but collect it back through high interest and other charges on loans collected by developing countries.

Base on this economic relation between the World Bank and IMF and the developing countries who are the main customers, the quest for development envisage by developing countries might not be achieved.

What all banks do. It gives you an umbrella when it is sunny and I take it when it rains.

Developed countries have never applied and followed an economic model what they advise to underdeveloped countries. Generally speaking, all developed countries of today, including Britain and the U.S. as "home " of free market economy and free trade, have been enriched by a policy that is contrary to orthodox neoliberalism. The both countries actually are not a "home" for free trade. In fact, both countries have long been the countries that have protected their market the most.

I quite agreed with you Mr Ganic. The World Bank and IMF often subject some of these developing countries to implementing policies that are inconsistent with their economic realities. They advised these countries to open up their economy( free entry and free exit) without understanding the peculiarities of their economy. Most times, these developing countries are always in dilemma whether to protect their local industries or allow free market economy. I am very sure that some of the developed countries like Britain, USA, France, among others would never allowed the importation of all kinds of goods from China in the name of free market economy. But, developing countries are always mandated to do same as a condition for getting loans from World Bank and IMF.

In the era of globalization, there is expectation to have some unified way of integration into a global economy However ,there are some examples , where even beside world institutions like IMF or World Bank failed to give appropriate recommendation to developing economies. Unfortunately, some countries, especially countries of Latin America and Eastern Europe often failed their economic development following the policies and development strategies imposed by IMF and WB.