International Development Agencies
What does the IMF do?
It gives countries short-term money and advice when they’re going through an economic crisis.
What is a Developed Country?
A country with a strong economy, good healthcare, and advanced industries.
What is infrastructure?
Things like roads, water systems, and electricity that help a country run.
How do development agencies help countries grow their economies?
By funding projects, giving expert advice, and helping create jobs.
What problem happens when prices go up too fast?
Inflation — it makes basic goods harder to afford.
Which agency helps build big projects like roads and schools?
The World Bank
What is a Developing Country?
A country still building its economy, with less access to education and healthcare.
What do agencies do during a crisis or disaster?
They give emergency help like food, money, and medical support.
Why do agencies help improve education and healthcare?
Because healthy, educated people are key to economic progress.
Why is high unemployment a big issue in developing countries?
Because people can’t earn money or support their families.
Which agency works to reduce poverty and promote equality?
The United Nations Development Programme (UNDP)
What is a Country in Transition?
A country changing from government control to a more open economy.
How do agencies help people get jobs?
They fund projects and support job training programs.
What kind of businesses do agencies often support to grow local economies?
Small businesses and entrepreneurs.
What is income inequality?
When the gap between the rich and poor is very wide.
What does Global Affairs Canada do?
It supports Canada’s development work in other countries.
What are examples of emerging economies?
Brazil, India, and China — fast-growing countries with improving economies.
What is one way agencies promote fairness?
They support education, healthcare, and women’s rights.
How do agencies help governments make better financial decisions?
They advise on taxes, budgeting, and reducing corruption.
How do agencies help during economic crises or natural disasters?
They give emergency aid and help restart the economy.
Which U.S. agency gives aid for education, health, and farming?
USAID (United States Agency for International Development).
Why do agencies focus more on developing countries?
Because they need more support to grow and reduce poverty.
What is self-sufficiency?
When a country can support itself without needing constant outside help.
What is one long-term goal of development agencies?
To help countries become self-sufficient and no longer need foreign aid.
What’s the risk of a country relying too much on foreign aid?
It can become dependent and not learn to grow on its own.