We at USDemocrazy do not have money problems. We have no money…no money, no problems.
Still, we have enormous respect for those who can manage huge sums of money on an awesome scale. So for this week’s Awesome Sites we are sharing links to World-wide wonders that manage mega-money.
The World Bank is an international organization based in the United States that grants loans to countries in order to reduce poverty. But these loans (often in the millions of dollars) come with strings attached.
The World Bank often requires these countries make to significant changes before they agree to lend them money. These requirements might include restructuring governments and changing economic policies.
Another important global financial institution is the International Monetary Fund. The IMF is charged with overseeing exchange rates among countries as well as monitoring the debt of various countries. Like the World Bank, The IMF also offers conditional loans to poor countries.
These two organizations, though different, are related.
They both were created near the end of the Second World War to stabilize the war-torn global economy.
To help us keep up with today’s news on global finance, we turn to the web. Here are some of our favorite sites to keep us informed (a challenging task). Check them out:
Bloomberg News is a US-based news group founded by the current mayor of New York, Michael Bloomberg.
The Financial Times is a British-based publication dealing with monetary matters.
CNN Money is the financial news arm of the famous Atlanta-based Cable News Network.
The Economist is a global magazine dedicated to news, politics, finance and culture.
