Failure To Help Everyone After World War One

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Failure to Help Everyone
Towards the end of World War Two, the Allies powers, especially Britain and United States, saw the world in need of a new economic system to help prevent future conflicts and prevent trading restrictions between nations. The end of the war was fast approaching and the world would need to rebuild and loans would be needed for this. In 1944, the US would invite forty-four nations to come together and agree upon the creation of international banking entities such as the International Monetary Fund (IMF), The World Trade Organization (WTO), and the International Bank of Reconstruction and Development (later established as the World Bank). It would be the ladder that world fund loans, first to exclusive nations, then in 1974, the World bank would look to help develop third world nations in need. According to a United Nations report in 1998, over 100 developing nations reported no significant change in their economy, even to the loans from the World Bank and About twenty percent of those nations also saw social indicators decline, a 500 percent increase from the prior decade. The one region not benefiting from any of the International agreements, is Sub Saharan Africa. …show more content…

The United Nations and the IMF have failed to allow growth in the SSA region because loan interest is far too high for the poorer nations to keep up with payments and spend the money on development. There are still many nations that cannot get clean water to its citizens not because of crumbling infrastructure, but because there is no money to develop it. International development agreements have yet to be provide the SSA with tangible evidence of

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