Paying for Education: How the World Bank and the International Monetary Fund Influence Education in Developing Countries

Abstract

Reviews the roles of the International Monetary Fund (IMF) and World Bank from 1980 to the present, distinguishing between two types of impacts they exert in the education sector of borrowing countries (the World Bank's direct involvement in education and economic reform and Structural Adjustment Programs financed by the IMF and World Bank). The article finds that operations of the institutions have had both positive and negative impacts. (SM)