Explain the role of international financial institutions in disaster relief and recovery efforts.

Explain the role of international financial institutions in disaster relief and recovery efforts.

Nations that experience disasters face a difficult time rebuilding. International financial institutions (IFIs) help ensure market and financial stability on the world-stage by providing development loans to hard hit nations. Doing so also helps to maintain a delicate political balance. The World Bank, and the International Monetary Fund (IMF), a subsidiary of World Bank, are composed of member-states. Together these and other IFIs provide regular needed financial assistance during humanitarian emergencies and natural disasters.

For this assignment, review the media ShelterBox Disaster Relief, provided in this week’s Learning Resources. Then, consider how disasters impact the global economy. Think about the role of international financial institutions in disaster relief and recovery efforts.

The assignment: (2–3 pages)

  • Explain the role of international financial institutions in disaster relief and recovery efforts.
  • Explain how international financial institutions, such as the International Monetary Fund, might use their resources to stabilize economic uncertainty.
  • Explain whether or not the United States providing disaster assistance to other nations is important and why.