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... a very sudden “shortfall” in export earnings (caused by world commodity fluctuations), and the financial terms match those of the SBA (except CCF loans have no surcharge).
In the event of a nation suffering a natural disaster like an earthquake, flood, typhoon, or other calamities, or for a country just emerging from war, the IMF provides “Emergency Assistance” loans. They are subject to the basic rate of charge, and must be repaid within 3 1/4 to 5 years.
It should be pointed out the IMF lending is usually dependent upon that nation borrowing funds adopting and putting in place a program of economic reforms. ...

... economic summits are demanding that the IMF and World Bank “forgive” loans to financially strapped Third World countries.)
The above-mentioned protests “…are merely the tip of a vast iceberg of transnational networks tying together people from all parts of the world who share grievances about the current rules government global economic integration,” according to Ann Florini (OECD Observer, 2001). Her argument is echoed by many journalists and activists in just about every corner of the world, and that is that “globalization” through loans by the IMF and WB does not necessarily work well for many developing nations for a potpourri of reasons. “Those grievances ...

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