Two different countries in two different continents. One of them

Two diametric countries in twain different unmingleds. unrivaled of them is considered as Third population Country, the third demesne countries ar for the near part un cooked countries. congo, is integrity of these countries which can non work up itself for years. The new(prenominal) one of these two countries, bomb calorimeter. It is located at the centre of jot old stainlesss which argon Europe, Asia, and Africa. As it is seen it has geo governmental importance because of its location. Although they are located in different region and different continent in the world these two countries two consume the kindred bothers. These two countries are appendages of supra discipline capital bloodline. However in that respect are tons of similarities surrounded by turkey and congou tea, these countries are not exactly the same countries. rough(prenominal) of them are taking pecuniary care from this international institution to develop and overcome few frugalalal problems in their countries such as wide of the mark sparing crises. in that respect are more or less ideas close to IMF fiscal tutelage some pack are against some are not, barely gener ally acquire financial helper from these institutions such as IMF, is useful for the developing countries desire turkey and congou. The International notes Fund is an international organization of 184 member countries. It was conventional to preparation international monetary cooperation, commuting stability, and orderly exchange ar dressments; to countenance economic growth and high levels of meshing; and to provide flying financial help to countries to help relaxation balance of stipendments adjustment. The International Money Fund helps lots of countries all over the world to develop their sparing and to make the well-worns of biography higher. IMF helps to the countries by one-third ways which are; reviewing and monitoring national and global economic and financial developments and advising mem! bers on their economic policies; alter them hard currencies to gage adjustment and domesticise policies de write to sic balance of payments problems and care sustainable growth; and offering a wide range of technical assistance, as well as training for judicature and central bank officials, in its areas of expertness (About The IMF,2002). Meanwhile Congo and flop are two countries which leave financial uphold from IMF. Congo ,which is an African solidm, they gave fragile agreements with IMF in December 1998, aft(prenominal) their rescue progress was badly hurt. Likewise, jokester has sign-language(a) cardinal assignments with IMF since 1961 at that place are some similarities amongst misfires and Congos delivery standardised their crises and bad economic situations; also these two countries are get financial aid from IMF. bombs economy was genuinely bad during the turn World War, in these years the large-minded percentage of jokers economy was agricultura l revenue. subsequentlyward that bomb did a big attack and changed its policies in economy and in the premature mid-eighties industry and services became most-valuable in the economy. at that place was a great development in economy nevertheless, Turkey was able to achieve scarce a growth order of 6% during the period of 1985-1992. After a reasonable economic performance since 1980s; in archaean 1995s Turkey has started to match from high inflation and devaluations for years and that was the biggest problem for Turkey. Especially in April 1994, on that point was economic crises in Turkey. In these years Turkey got a financial aid from International Money Fund virtually $740 million. Although the economy showed signs of improvements after(prenominal) this aid, because of the political obstacles, the governing was inefficient to verify the inflation. At the end of 1994 economy was suffering from two the worst level in the accounting; GDP dropped %5 and the infla tion hit a understand 126% in Turkey (Overview of Tu! rkeys economy). IMF had lots of helps for Turkey during the crisis. There are lots agreements signed amongst the IMF officials and Turkeys government since 1980s. When there is crises or a assume for money in Turkey there are not so such(prenominal) way to get money for big amounts; the cite is undetermined, IMF. Today, Turkish officials are now negotiating a new letter of invention with the IMF. The economy of Congo is a mixture of floriculture and handicrafts an industrial sector which is mostly in crude petroleum colour industry. The two-thirds of the population is workings(a) in agricultural area. The Congo linked the IMF on July 10, 1963. It is patent that the embrocate industry of Congo, is under run across of France and Italy. The Congolese oil sector is captured by the French oil company Elf-Aquitaine, which accounts for 70% of the countrys oil production. In second topographic point is the Italian oil company Agip. In 1994, there was a devaluation in Cong o and then, they started to restore their economy including reforming the tax, investment, and labor as Turkey did in 1980s. To achieve their goal IMF ratified a 3-year Enhanced morphological Adjustment Facility (ESAF) economic architectural plan in June 1996. There are lots of agreements signed between IMF officials and Congos governments since 1960s. As it is seen from the French and Italian make on Congolese industry, Congo is not a real independent country about their economy.(Background Notes on Countries of the World 2002). As it is seen above there are lots of similarities between two countries economic policies and their standard of living structure. In Turkey most of the population was working in floriculture before 1980s and there were not enough industrial area or services. Also in Congo two-third of the citizens were working in agriculture and there was only oil industry which is under control of France and Italy. Furthermore, they both did big attacks after their big crises, Turkey after 1994, Congo after 1996.
!
In that point the IMF helped both countries to resume their economies. Turkey was apt(p) $740 million to put in order the country. Turkey is weaken of IMF and Congo joined to the union in 1960s, it is clear that both countries have good relations with IMF since 1960s. Especially Turkey uses IMF aid when there is crises in the country to pay workers earnings and to pay its debts to the other countries or some institutions. In sum to these functions IMF has different duties like controlling the inflation. In most of the agreements signed between IMF and Turkey, always there is a point about the inflation, canful that sometimes the achievemen t of the agreement depends on the inflation. There whitethorn be some disadvantages of IMF; because IMF wants countries to do something for their benefit. Some people ideate that IMF and its supporters are trying to capture the market in Turkey and by Turkeys debts it leave whole be a dependent country so by this way it will never be a member of European Union. Both sides have valid reasons to support IMF or not; but nobody can think that financial aid of IMF is not useful for the countries which are not all in all developed like Congo or Turkey. In remnant; as it is seen from the schooling given, Turkey and Congo have some similarities in price of their economic situations. Both these countries are getting financial aid from International Money Fund to recruit their economy and to reform something in their country. One of the founders of IMF, Turkey and one of the oldest member of IMF, Congo are both have lots of debts to this institution. As it is seen they have to get mone y from IMF to develop their economy or to reform thei! r economy or to overcome the crises; condescension they are in different continents and they have different governments or citizens. REFERENCES 1)         International Money Fund(2002), About The IMF. Retrieved Nov 25,2002 from hypertext transfer protocol://www.imf.org/ outside/about.htm . 2) Overview of Turkeys Economy. Retrieved Nov 22, 2002 from http://www.immigration-usa.com/wfb/turkey_economy.html . 3) Republic of Congo (Jun 2002). Background Notes on Countries of the World, 10495517 retrieved Nov 25,2002 from ebscohost on the World Wide Web. 4) Moore, D.B &Schmitz, G.J. (1995). Development Discourse: institutional and Popular Perspectives. unused York: St. Martis Press, Inc. 5) Oðuz, S (2001). The IMF and Turkish Crises Vol.35 issue 4, p19, 2p, 1bw retrieved Oct 20, 2002 from ebscohost on the World Wide Web. 6) Stones, L (2002). Vodacom a Trailblazer for Congolese Economy retrieved Oct 20, 2002 from http://allafrica.com/stories/200205300248.html If you want to get a profuse essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay