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Global Organisations that Could Provide Economic and Non-Economic Support to LEDCs

1. What are at least three global organizations that could fund a new economic project in a developing country? What criteria would the applicant have to meet to qualify for loan support? How do these organizations serve to promote and enhance global opportunities for businesses, such as technical support and consulting services?

2. What are at least three global organizations that could provide noneconomic support and advice for an organization looking for opportunities in the global marketplace? What criteria would the applicant have to meet to qualify for support from these nonfinancial organizations? How do these organizations serve to promote and enhance global opportunities for businesses, such as technical support and consulting services?

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1.
Following are the example of such organizations:

1. International Monetary Fund
2. World Bank Group
3. Ford Foundation
4. Bill & Melinda Group

To qualify for a loan support, the applicant has to have the balance of payments needs. If the applicant cannot find sufficient funding on affordable terms to meet its net international payments while still maintaining a buffer, the applicant can approach for loan support from these organizations. The loan provides an aid that eases the adjustment policy reforms that a country must make to correct its balance of payments problem. Upon request, the loan is usually provided under an arrangement which may stipulate specific policies and measures that the applicant has accepted to, to resolve its balance of payments ...

Solution Summary

The solution gives examples of the types of global organisations that are in a position to fund a developing country's new economic project as well as ones which can offer non-economic support. 457 words total.

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