Discuss the Differences between a loan and a grant, mandate of the World Bank and the IMF, i.e. purpose of their loans?

Lecture topics: (review your notes and posted lecture slides):

How large was the world economy GDP in 2014?

Official development aid figures; two ways to measure a country’s development aid, how does US foreign aid compare to other countries?

What are the theoretical advantages of neo-liberal economic policies (basic economic theory)?

What are the main problems/criticisms?

Measuring development: what indicators does the Human Development Index (UNDP report) use in addition to economic performance?

UNDP and the World Bank are both operational development organizations that finance projects and programs in developing countries. In what ways do they differ?

Difference between a loan and a grant, mandate of the World Bank and the IMF, i.e. purpose of their loans?

How much money does the World Bank lend approximately annually?