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The International Monetary Fund (IMF) and World Bank (WB) are international organizations that were created primarily to be of assistance for the growth and development of Third World Countries by providing financial assistance and facilitating development programs. However, the IMF and WB have failed to meet their role to the developing countries. Instead of making things easier, the loans and programs the IMF and WB have made lead to a debt crisis. In order to …

…and domestic interest rates low for the developing countries to be able to pay off their debts. Developed countries may also encourage imports from the developing countries to provide them with extra income. And lastly, the government and policy makers of developing countries must properly utilize the loans that have been granted and not use in for their own interests. Growth and development starts with in the country and should not be depended on others.