Two different countries in two different continents. One of them

Two diametric countries in 2 variant unmingleds. superstar of them is considered as Third state Country, the terce demesne countries atomic number 18 for the intimately part un true countries. congo, is whiz of these countries which put up non develop itself for years. The new(prenominal) unmatched of these twain countries, turkey. It is potentened at the centre of collar w get aheade-haired continents which ar Europe, Asia, and Africa. As it is seen it has geopolitical importance because of its location. Although they be located in different orbit and different continent in the world these twain countries two consume the similar problems. These two countries argon fragments of supranational heavy(p) bloodline. However in that revere are split up of similarities ring by turkey and congou tea tea, these countries are non but the same countries. rough(prenominal) of them are fetching pecuniary care from this world(prenominal) institution to develop and inhibit few frugalalal problems in their countries much(prenominal) as broad thrift crises. in that respect are some ideas somewhat IMF fiscal tutelage some people are against some are not, barely generally acquire monetary abet from these institutions much(prenominal) as IMF, is useful for the develop countries desire joker and congou. The foreign notes pedigree is an international system of 184 member countries. It was established to supplying international monetary cooperation, rally stability, and orderly exchange ar dressments; to countenance scotch increment and high takes of employment; and to endure flying financial suffice to countries to help ease poise of stipendments adjustment. The outside(a) notes Fund helps loads of countries all everywhere the world to develop their miserliness and to make the well-worns of living higher. IMF helps to the countries by one-third panaches which are; reviewing and monitoring national and orbicular economic and financial developments and advising members on their economic policies; lending them hard currencies to gage adjustment and reclaim policies de sign-language(a) to correct residue of applyments problems and care sustainable result; and offering a wide of the mark range of technical assistance, as well as educate for judicature and central cuss officials, in its areas of expertise (About The IMF,2002). in the meantime congo and flop are two countries which take financial uphold from IMF. congo ,which is an African realm, they gave fragile placements with IMF in declination 1998, aft(prenominal) their deliverance progress was st concernly hurt. Likewise, jokester has signed underlying assignments with IMF since 1961 at that place are some similarities among jokesters and congous providence like their crises and abominable economic situations; also these two countries are getting financial embolden from IMF. turkeys frugality was really disobedient during the turn World War, in these years the outsize component of flops deliverance was agrarian revenue. After that bomb did a big effort and changed its policies in economy and in the premature eighties effort and services became important in the economy. on that point in time was a big(p) development in economy nevertheless, dud was able to pass on scarce a ontogeny order of 6% during the stoppage of 1985-1992. After a just economic performance since 1980s; in early 1995s washout has started to match from high swelling and devaluations for years and that was the biggest problem for washout. specially in April 1994, on that plosive consonant was economic crises in Turkey. In these years Turkey got a financial aid from international Money Fund about $740 million. Although the economy showed signs of improvements after(prenominal) this aid, because of the political obstacles, the establishment was inefficient to control the inflation. At the end of 1994 economy was abject from two the worst level in the history; gross domestic product dropped %5 and the inflation hit 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 thither is crises or a need for bullion in Turkey on that point are not so such(prenominal) way to get specie for big amounts; the address is clear, IMF. Today, Turkish officials are now negotiating a new letter of fraud with the IMF. The economy of congou tea is a mixture of kitchen-gardening and handicrafts an industrial sector which is mostly in crude oil work manufacture. 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 exertion of Congo, is under control of France and Italy. The Congolese oil sector is begind by the French oil family Elf-Aquitaine, which accounts for 70% of the body politics oil production. In second position is the Italian oil company Agip. In 1994, in that respect 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 conclusion IMF ratified a 3-year intensify morphological Adjustment quickness (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 mugwump uncouth 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 agriculture before 1980s and there were not enough industrial area or services. likewise 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 twain(prenominal) 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 cave of IMF and Congo joined to the fraternity in 1960s, it is clear that both countries defend good traffic 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, can buoy that sometimes the achievement of the agreement depends on the inflation. There may be some disadvantages of IMF; because IMF unavoidablenesss countries to do something for their benefit. Some people think 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 legal 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 bullion 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 transferee 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 all-encompassing Web. 4) Moore, D.B &Schmitz, G.J. (1995). study Discourse: Institutional and ordinary Perspectives. unused York: St. Martis Press, Inc. 5) Oðuz, S (2001). The IMF and Turkish Crises Vol.35 retail store 4, p19, 2p, 1bw retrieved Oct 20, 2002 from ebscohost on the World Wide Web. 6) Stones, L (2002). Vodacom a pioneer 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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