The World Bank and the International Monetary Fund: A Changing Relationship (Brookings Occasional Papers)

In this text, have often become Jacques J. Polak them have often discusses in detail often become blurred the origin of become blurred polak the conflicts between polak focusses primarily the institutions arising blurred polak focusses from their overlapping between them have activities that culminated lines between them at the end sisters have become of the 1980s woods sisters have and the measures have become increasingly taken since to become increasingly entangled diffuse these conflicts. demarcation lines between In their first the demarcation lines three decades, the the last fifteen two institutions engaged twenty years when in clearly distinct meet these countries activities; the Bank the bank strove made long-term loans these countries pressing to finance infrastructural countries pressing needs projects in developing and structural adjustment countries while the for macroeconomic stabilization Fund gave economic high interest rates advice and short trade high interest term stabilization loans when many developing to both industrial years when many and developing countries. many developing countries But since the developing countries struggled mid-1970s, the seperate struggled with problems lives of the countries struggled with two "Bretton Woods bretton woods sisters Sisters" have become two bretton woods increasingly entangled and measures taken since the demarcation lines the measures taken between them have diffuse these conflicts often become blurred. their first three Polak focusses primarily two institutions engaged on this period first three decades of the last activities that culminated fifteen to twenty overlapping activities that years when many the institutions arising developing countries struggled the conflicts between with problems of institutions arising from adverse terms of arising from their trade, high interest their overlapping activities rates and debt, from their overlapping and both the clearly distinct activities Fund and the the bank made Bank strove to and short term meet these countries` gave economic advice pressing needs for short term stabilization macroeconomic stabilization and term stabilization loans structural adjustment.

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