Why are the IMF and World Bank so controversial ?

The IMF and World Bank are intergovernmental organizations (IGOs) that shape the global development and financial order. They were originally founded with the goal of recreating the international economic system after World War II (WWII) and are known as the Bretton Woods Institutions (BWIs).

However, People have protested against the IMF in country after country that has borrowed from it, be it Argentina, Ecuador, Egypt, Greece, Jordan, Kenya, Nigeria, Pakistan or Tunisia. They frequently accuse the IMF, the world's last resort lender, of promoting debt imperialism and worsening economic inequality.
So, Why are IMF and the World Bank are so controversial? Why do People Dislike them?
_____________________________________________________________
Enjoyed the video? Let us know in the comment section📋📋
Subscribe to our channel for more content.

-About Money Uncharted

Money Uncharted makes Explainer Documentaries about Money, Finance, Economics, and Business.
____________________________
For Copyright and Business only :

[lindumenzidludlu]

The IMF and World Bank have been around for over half a century now. If they really took countries out of debt, they’d have a stellar record and reputation by now. But they don’t. This isn’t surprising considering that all organisations are ultimately beholden to their funders and serve their interests.

[Greggsberdard]

The explanations were truly remarkable! They greatly enhanced my understanding of the economy. I find myself wondering whether individuals who experienced the financial crisis in 2008 had a comparatively easier time than I am having presently. The recent performance of the stock market has filled me with significant apprehension, as I have incurred a loss of over $27, 000 in just this month. Additionally, my income has diminished, exacerbating my concerns about whether I will have sufficient savings for retirement, given that I am unable to contribute to my savings at the moment.

[bestguy]

Just scrap these two .Let each country solve their problems through their own central banks' printing money.

These two IMF and WB are debt-trapping institutions

[serbemanuela]

Amazing explanaitions! It made me understand economy much better!

[dnickaroo]

The IMF and World Bank extend from US-UK Banking, and are designed to transfer Wealth back to the Founders. African Nations have learnt the hard way, what IMF and World Bank stand for!

[Tman]

Is it true the US and many other countries borrowed trillions from world bank or IMF?
If it's true how do they print so much money all at the same time during the pandemics to so many countries?

[philoslother]

I see, you have great editing skills, make videos about original stuff and you'd soon be paying your bills with just YouTube

[mustaphadaddah]

Thx, that is the truth. But what is the solution for poor countries now after they binded their hands?

[trevorzzealley]

I comment on currency . I notice the words " In God we trust " I question which God ? If there`re winners and losers in money matters, that is a contradiction with Acts 10:34 that states " God is not partial " I myself believe God is not partial in matters of race, money matters, sex or health of people .

[davidevans]

Profit is a planned demolition.
Picture a mouse app doesn't squash the mice ⌚

[PrashantMaurice]

You have to give more evidences, this looks very qualitative

[rodacoram]

I automated this, if anyone is interested...

[saidburhanuddin]

Migas come back
Aku ngak mau ku dengar kata kata new World dia bilang untuk kepentingan prevailed interest interest the beaches dan israel political goal palestine dan iran part of this world city iran dan Palestina you get improve and fund and city indeks improve your city for your own