Essay on Evaluating the Two Models for Less Developed Countries
This paper will discuss the two important approaches in improving the level of poverty in less developed countries. Institutions like International Monetary Fund (IMF), The World Bank and Grameen Bank are trying their best to take part in this initiative. The first model is the Top-down which IMF is implementing by means of granting loans to governments to aid programs related to poverty improvement. The other model is called Bottoms-up which Professor Muhammad Yunus is implementing for Grameen Bank. His initiative is similar to what IMF follows but his programs are more focused on the specific area of the ...