Describe the purpose and goals behind the concept of global lending. What are some criticisms of global lending institutions?

Answer:

Responses may vary but should include some or all of the following information: The purpose and goals behind global lending are to eliminate poverty and reduce monetary problems that interfere with world trade. Global lenders do this in a variety of ways. They track global performance trends, alert members to potential crisis situations, provide loans and project guidance for struggling economies, and target ways to eliminate poverty. One criticism of the global lending process is that the process may hurt countries more than it helps them. Opponents argue that loan terms are unreasonable and actually keep borrowing countries in debt. Some say that these loans infringe on nations' autonomy, as lenders dictate terms. Others argue that project and analysis efforts are wasted because poverty has not been eliminated. Lending may be too little and too late to avert a crisis.