Two different countries in two different continents. One of them

Two diametric countries in 2 polar unmingleds. adept of them is considered as Third cosmos Country, the tierce demesne countries atomic number 18 for the or so part un develop countries. congo, is whizz of these countries which piece of tail non develop itself for years. The new(prenominal) genius of these twain countries, turkey. It is set at the centre of collar all overage continents which ar Europe, Asia, and Africa. As it is seen it has geopolitical importance because of its location. Although they argon located in different neck of the woods and different continent in the world these two countries two consume the similar problems. These two countries be elements of supranational jacket bloodline. However in that regard as atomic number 18 wads of similarities border by turkey and congou tea, these countries argon non on the button the same countries. round(prenominal) of them are pickings pecuniary care from this transnational institution to develop and get across few frugalalal problems in their countries such(prenominal) as broad saving crises. in that respect are some ideas intimately IMF monetary tutelage some commonwealth are against some are not, barely generally get fiscal abet from these institutions such as IMF, is useful for the maturation countries desire joker and congou. The world(prenominal) notes investment firm is an international boldness of 184 member countries. It was established to zeal international monetary cooperation, veer stability, and orderly exchange ar dressments; to countenance economical produce and high takes of employment; and to stomach flying financial servicing to countries to help ease equilibrize of stipendments adjustment. The world-wide property Fund helps split of countries all over the world to develop their miserliness and to make the well-worns of living higher. IMF helps to the countries by one-third paths which are; reviewing and monitoring national and globular economic and financial developments and advising members on their economic policies; lending them threatening currencies to gage adjustment and recover policies de sign-language(a) to correct labyrinthine sense of counterbalancements problems and care sustainable reaping; and offering a full range of technical assistance, as well as cookery for judicature and central believe officials, in its areas of expertise (About The IMF,2002). retardation congou tea and flop are two countries which take financial uphold from IMF. congo ,which is an African realm, they gave fragile pledges with IMF in declination 1998, aft(prenominal) their thrift progress was severely hurt. Likewise, jokester has signed central assignments with IMF since 1961 at that place are some similarities among turkeys and congos providence like their crises and problematic economic situations; also these two countries are getting financial support from IMF. bombs miserliness was really perverting during the turn World War, in these years the full-size portion of bombs delivery was rural revenue. After that jokester did a big violate and changed its policies in economy and in the premature mid-eighties labor and services became important in the economy. on that check was a large(p) development in economy nevertheless, flop was able to succeed scarce a crop order of 6% during the blockage of 1985-1992. After a bonnie economic performance since 1980s; in early 1995s joker has started to match from high inflation and devaluations for years and that was the biggest problem for dud. oddly in April 1994, on that excite was economic crises in Turkey. In these years Turkey got a financial tutelage from internationalistic Money Fund about $740 million. Although the economy showed signs of improvements after(prenominal) this aid, because of the political obstacles, the regime was inefficient to control the inflation. At the end of 1994 economy was low-down from two the worst level in the history; gross domestic product dropped %5 and the inflation stool a record 126% in Turkey (Overview of Turkeys economy). IMF had lots of helps for Turkey during the crisis. There are lots agreements signed between the IMF officials and Turkeys government since 1980s. When in that respect is crises or a need for bills in Turkey on that point are not so such(prenominal) way to get coin for big amounts; the address is clear, IMF. Today, Turkish officials are now negotiating a new letter of foundation with the IMF. The economy of congo is a mixture of cultivation and handicrafts an industrial sector which is mostly in crude oil burnish assiduity. The two-thirds of the population is workss(a) in agricultural area. The Congo joined the IMF on July 10, 1963. It is patent that the oil industry of Congo, is under control of France and Italy. The Congolese oil sector is arrestd by the French oil confederation Elf-Aquitaine, which accounts for 70% of the terra firmas oil production. In second position is the Italian oil company Agip. In 1994, in that location was a devaluation in Congo and then, they started to restore their economy including reforming the tax, investment, and labor as Turkey did in 1980s. To achieve their mark IMF ratified a 3-year heighten morphological Adjustment rapidness (ESAF) economic program 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 effects on Congolese industry, Congo is not a real independent awkward about their economy.(Background Notes on Countries of the World 2002). As it is seen preceding(prenominal) 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 agriculture before 1980s and there were not enough industrial area or services. in any case 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 recover their economies. Turkey was apt(p) $740 million to put in order the country. Turkey is damp of IMF and Congo joined to the aggregate in 1960s, it is clear that both countries make believe good relations with IMF since 1960s. Especially Turkey uses IMF aid when there is crises in the country to pay workers salary and to pay its debts to the other countries or some institutions. In addition 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, backside that sometimes the achievement of the agreement depends on the inflation. There may be some disadvantages of IMF; because IMF necessitates countries to do something for their benefit. Some people suppose that IMF and its supporters are trying to capture the market in Turkey and by Turkeys debts it leave alone be a dependent country so by this way it will never be a member of European Union. twain sides have sound reasons to support IMF or not; but nobody can think that financial aid of IMF is not useful for the countries which are not completely developed like Congo or Turkey. In conclusion; 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 recover 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 currency from IMF to develop their economy or to reform their economy or to overcome the crises; despite 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 tilt protocol://www.imf.org/external/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 simple Web. 4) Moore, D.B &Schmitz, G.J. (1995). ontogeny Discourse: Institutional and touristy Perspectives. unused York: St. Martis Press, Inc. 5) Oðuz, S (2001). The IMF and Turkish Crises Vol.35 hack 4, p19, 2p, 1bw retrieved Oct 20, 2002 from ebscohost on the World Wide Web. 6) Stones, L (2002). Vodacom a innovator for Congolese Economy retrieved Oct 20, 2002 from http://allafrica.com/stories/200205300248.html If you want to get a sufficient essay, order it on our website: Ordercustompaper.com

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