IMF has laid strategies and efforts to promote sound macroeconomic policies, orderly adjustment, and market-oriented reforms are essential to reduce poverty and income inequality in those countries under the IMF programs.According to the Eurodad report, the organization is paying increasing attention to the quality, not just the quantity, of its adjustment programs. These allegations raised by the IMF are of fundamental nature but I disagree with the initiative based on the following sentiments. In this case, the IMF does not issue fresh instructions to adjust the amount the member must transfer so that the amount will be in accord with the new exchange rates in relation to the loans offered through World Bank.Article IV of the IMF has provided a disagreement support regarding the motion that the IMF and World Bank should not continue attaching strict conditions on how their loan money is used and what other economic changes must occur before the loans are approved. The support is based on the macroeconomic outlook and the risk of economy globally. With the recovery of intense domestic demand in New Zealand by mid-2010, the IMF in conjunction with the World Bank should do away with the strict notions laid on the loans offered to the clients. Such unexpected happenings that were experienced in New Zealand should be planned for when the IMF is issuing out funds through the World Bank. For instance, the IMF director had announced a direct increase on the funding projects in New Zealand by 15%, a state that could not have been implemented in the initial epoch while implementing the standardized value on the funding of the earthquake victims in New Zealand.
The International Monetary Fund and World Bank