IMF and World Bank: The International Monetary Fund is an international organization. It provides short term financial assistance to help a country balance their payments if necessary, promotes monetary cooperation, contributes to exchange rate stability and orderly exchange arrangements, fosters economic growth and unemployment. The World Bank is an agency of the United Nations, with the goal of reducing poverty. It is concerned with financing reconstruction and development by supporting projects, constructing national infrastructure, and providing technical assistance to developing countries. They also provide low-interest loans, interest-free credit, and grants to developing countries. The contributions of these organizations to countries is often through structural adjustment programs.
TANZANIA: Tanzania is a member of the IMF and the World Bank, receiving a great quantity of support from both organizations since the 1960s.
Other international organizations: These organizations
include the Food and Agriculture Organization of the UN, UNICEF, UNESCO, and WHO. The Food and Agriculture Organization of the UN aims to raise levels of nutrition and standards of living, to improve agricultural productivity, and to improve conditions for the rural populations. It works to encourage sustainable agriculture and rural development for both present and future generations in hopes of increasing food production and security as well as promoting environmentally-friendly economic development in developing countries.
UNICEF is the United Nations Children’s fund aiming to help children overcome obstacles like disease, poverty and discrimination so they go through proper childhood development. UNESCO is the United Nations Educational, Scientific and Cultural Organization. It basically works to fulfill people’s basic rights. The organization aims to contribute peace and security to the world through collaboration associated with
education, science, culture, and communications. By these means it promotes justice in terms of human rights and fundamental freedoms. There is also the World Health Organization, which is another UN agency. Its overall goal is to improve people’s health worldwide.
TANZANIA: Tanzania is a member of the Food and Agriculture Organization of the UN, UNICEF, UNESCO, and WHO. All of these organizations have made large contributions to Tanzania, for example, UNESCO has been a great contributer to education in the country.
Private sector banks: These banks make loans to developing countries. Most of the time the interest associated with these loans builds up debt for developing countries.
TANZANIA: Tanzania does not seem very involved with private sector banks.
Non-governmental organizations: These organizations often act as guests in developing countries, working on non-governmental projects inside the country aiming to help the people and the country’s development. Some examples of these organizations include Oxfam, Save the Children, Action Aid, Caritas, and Christian Aid.
TANZANIA: Tanzania does have non-governmental organizations. A major one can be found at “www.tango.or.tz”. The main programs they are working on in the country are Capacity Building and Lobbying and Advocacy.
Multinational corporations: As mentioned in “Strategies of Growth”, these corporations bring a company into a country, and operate in that developing country, producing for the company. However, all proceeds go to the company’s mother country, not to the developing country itself. Despite that setback, these corporations promote a growth of international trade, globalization, profit maximization, growth of economic agreements with other countries, advances in communication and technology, and a market economy.
TANZANIA: Tanzania does seem to be involved with multinational corporations, in areas such as the mining industry.
Commodity agreement: Commodity agreements are agreements attempting to stabilize the prices of a country’s products. There are two basic strategies used to carry this action, buffer stock schemes and cartel agreements. Buffer stock schemes operate under a central authority that buys up the stocks when there is too much supply and releases stocks when the supply is too low. Many of these schemes fail. Cartel agreements are basically quotas that either limit or must be reached by a producer. These schemes often fail as well.
TANZANIA: Tanzania does show some signs of using commodity agreements, however, they show little or no benefit to the country.
