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The IMF and the World Bank

Explain what the IMF and World Bank lend for, and give the case for and against their conditions

Key terms
Conditionality
Conditionality is the practice of giving aid or loans only if the recipient meets agreed terms, such as pursuing particular policies or managing the money properly.
Tied aid
Tied aid is aid that the recipient must spend buying goods and services from suppliers in the donor country.

Kinds of aid condition

Can you name the three kinds of condition attached to aid and loans?

A UK government paper of 2005 sorted the terms attached to aid and loans into three kinds.