The IMF and the World Bank was controlled by the USA as it had ____ power.

see full answer

Start JEE / NEET / Foundation preparation at rupees 99/day !!

21% of IItians & 23% of AIIMS delhi doctors are from Sri Chaitanya institute !!

An Intiative by Sri Chaitanya

(Unlock A.I Detailed Solution for FREE)

Ready to Test Your Skills?

Check your Performance Today with our Free Mock Test used by Toppers!

Take Free Test

Detailed Solution

The IMF and the World Bank were controlled by the USA as they had veto power.
The International Monetary Fund and the World Bank are both UN-sponsored organisations. They both want to improve living standards in their respective countries. The IMF focuses on macroeconomic issues, while the World Bank focuses on long-term economic development and poverty reduction. Their approaches to this goal are complementary. The IMF and the World Bank have the following limitations:

They lacked the necessary skills to deal with poverty and development challenges.

They were ruled by the United States, which holds veto power.

Watch 3-min video & get full concept clarity

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Books for IIT JEE

Best Books for NEET

How to Join IIT after 10th

🔥 Start Your JEE/NEET Prep at Just ₹1999 / month - Limited Offer! Check Now!

Get Expert Academic Guidance – Connect with a Counselor Today!

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Books for IIT JEE

Best Books for NEET

How to Join IIT after 10th