Part 2-III Section Outline

The IMF and the World Bank Respond to Criticisms

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1. The IMF's Response to Criticisms
   1. There are Certain Functions That Only the IMF Can Perform.
   2. Member Countries Must Endure the Short-Term Pain of Adjustment in Order to Enjoy Long-Term Gain.
   3. The IMF Has Broadened the Range of Issues Addressed in Article IV Consultations.
   4. The IMF Charter Limits the Expansion of "Conditionality."
2. The World Bank's Response to Criticism
   1. In 1990, the World Bank Once Again Focused on Poverty Alleviation, but This Time in a Market-Friendly Framework.
   2. The World Bank Uses Conditionality to Address Poverty Alleviation.
   3. The World Bank Has Instituted Internal Changes to Become More Responsive and Efficient.
   4. The World Bank's Charter Limits the Extent of Its Responsiveness.

[Part Two Bibliography]

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