The World Bank and the IMF
Welcome back to this edition of Water, Politics and Africa ! This week I will take a look at the role of the World Bank and the International Monetary Fund (IMF), two organisations that are deeply involved in many hydrology- and development-related projects in Africa, even though many people know very little about them and their interests. Introduction If you have little idea about what these two institutions are and what exactly they do, then do not worry - most people feel the same. Having immense funds at their disposal and being involved in all sorts of conferences, development programmes and government deals while having close to no public image, to ordinary people they may appear like suspicious shadow organisations that influence all sorts of international developments. World Bank and IMF - What are they? According to the online investment encyclopaedia Investopedia, "The IMF exists primarily to stabilize exchange rates, while the World Bank’s goal is to reduce pov...