strugglingtobeheard replied to your post: strugglingtobeheard replied to your quote: The…

Which is a crock. You can’t do what the IMF and the World Bank has been doing to these developing nations and call it anything close to humane. But I always wondered how much they were really different, aside from what they say is different.

Straight from the horse’s mouth (bolding is mine and please to read it in the snarkiest tone possible)

If you have difficulty distinguishing the World Bank from the International Monetary Fund, you are not alone. Most people have only the vaguest idea of what these institutions do, and very few people indeed could, if pressed on the point, say why and how they differ. Even John Maynard Keynes, a founding father of the two institutions and considered by many the most brilliant economist of the twentieth century[…]

Despite these and other similarities, however, the Bank and the IMF remain distinct. The fundamental difference is this: the Bank is primarily a development institution; the IMF is a cooperative institution that seeks to maintain an orderly system of payments and receipts between nations. Each has a different purpose, a distinct structure, receives its funding from different sources, assists different categories of members, and strives to achieve distinct goals through methods peculiar to itself.

More at the link above. And no, they are not different at all, at least not in practical application.

For the past decade and a half I have been making all my content available for free (and never behind a paywall) as an ongoing practice of ephemeral publishing. This site is no exception. If you wish to help offset my labor costs, you can donate on Paypal or you can subscribe to Patreon where I will not be putting my posts behind a lock but you'd be helping me continue making this work available for everyone. Thank you.  Follow me on Twitter for new post updates.