International financial institutions (IFI)
University of the People
Principles of Marketing
Macmillan Gha-Chim(instructor)
09/02/2023
Various projects are handled by international financial institutions (IFI) every year. It is your
task to give one gold, one silver, and one bronze medal to each chosen project.
For each medal you give out, you must state the following:
Name and detailed description of the project.
Name of the IFI that handled the project.
Type of medal (gold, silver, or bronze).
Positive impacts and how they could have been even more impactful
Negative impacts and how they could have been avoided.
International financial institutions (IFLs) are aimed at "handling social and economic
development projects, with the developing countries they fund, advise and assist in
implementing development projects" (Government of Canada, n.d.). But for other countries.
let them use the money as they wish. Thus, the financial initiative is handled by different
financial institutions and the projects have both positive and negative impacts on the lives of
the people.
The name of the project is providing quality education in Haiti. The project will better the
management of the educational system to better Haitian schools and school enrolment (World
Bank, 2019, April 23). Also, teachers' salaries and chances of the teachers educating their
kids, especially at the university level are increased. Thus, there are higher chances that the
community's employment rate will increase, for example, builders, more teachers, and other
staff needed to make the project work.
The CFL's name that handled the project is World Bank. And Medal is bronze.
Positive impacts are better and more education and employment opportunities are going to
increase which will directly increase their standards of living.
Negative impacts: the country might become indebted to the world bank by 57 million
dollars if they can not pay the money back (World Bank, 2018, January 12). Otherwise, the
money becomes a bad debt.
Name of projects fishery productivity in the Philippines. The project is aimed at financing
rural development projects in the country as well as farming and fishery domains. These
projects create jobs for the employees involved in any single project. Also, the project's
functioning and running are going to create more opportunities for the community. For
example, this project can generate more jobs than anticipated. As problems are going to arise
that need people's creativity to solve the problems thereby creating jobs for themselves.
Furthermore, all these projects are going to increase the living standards of the people, their
health, and their educational systems, and their markets are going to get opened through the
projects.
Name of the IFL that handles the project IBRD.
The project has a Gold model for me. Because food is a necessity for humans and the fishery
is a source of protein for the farmers and their market. The positive impacts of the project
are providing social and "economic growth as well as regional cooperation and integration"
(Government of Canada, n.d.). Therefore, the project even goes a long way to benefit those
in the economi