The role of the International monetary fund (IMF) in helping poor and Essay

The role of the International monetary fund (IMF) in helping poor and debt-troubled countries - Essay Example Consequently, the institution offers advice on investments in the public sector. The IMF supports United Nations policies on development. A good illustration can be derived from the fact that IMF is primarily concerned in financing services that raise public welfare such as education and health. IMF finances various aspects of the economies of debt ridden countries to achieve general Equilibrium. Stability of the economy benefits civilian populace both economically and socially. Moreover, stability in the economy enhances security and sound governance. If IMF intervention does not stabilize the economy, a crisis is imminent, which often yield to violence in poor countries. Such conditions are evident in African countries. IMF is a financial institution obliged to offer development loans to countries. However, countries must fulfill asset of condition before their application can be granted. The eligibility conditions or criteria are several. The first condition is that the IMF should have a direct link to the program that is being rolled out with its money. The condition is aimed at enhancing accountability and control of the economic direction by the IMF. Consequently, the condition acts as security for the MF funds by avoiding misallocation or squandering by government officials. Second, the project that is supposed to be financed must be stated clearly, with the requirements. This information can be found on the IMF factsheet. In addition, the government must accompany the information with the reasons that caused of the problem and the efforts that are being made to ensure that the situation is resolved in the future. The factors that led the government to request funds from the IMF must have a proposed solution in the loan application details. The IMF can approve the proposal, reject them or offer alternative policies that can achieve similar or better results (IMF). In cases where the economic policies of the

Age Discrimination in the Workplace Essay Example | Topics and Well Written Essays - 2500 words

Age Discrimination in the Workplace - Essay Example Thus, the essay critically examines discrimination in the workplace and the application of the law of age discrimination based on specific cases. Federal and state laws protect workers against age discrimination for workers who are 40 years and above. The Age Discrimination Employment Act protects workers above 40 years against unlawful treatment by the employers or fellow employees. The employer must have at least 20 employees. The employees are protected in all the stages, including retrenchment, recruitment, workplace conditions and terms, dismissal and return to work after illness (Thew, Eastman & Bourke, 2005). Consequently, the Age Discrimination Employment Act (AFDEA) is one of the acts that protect people against discrimination on the basis of age. The act prohibits the denial of benefits to the older employees. The benefits given to the young employees should also be given to the aged. Additionally, the act prohibits mandatory retirement (Gregory, 2001). In 1993, to ensure that they were no mandatory retirement, employees such as college professors phased the elimination of mandatory retirement. That means that they would leave their workplace at an age of their choice. While, at the workplace they are entitled to all the rights. Furthermore, a mandatory retirement policy was permitted to people who are 65 years and above. After retirement, they are entitled to a pension on a monthly basis. There is also a prohibition of age preference and limitations. When advertising for a job, companies should ensure that it is open to all ages not discriminating the aged by mentioning the exact age(Gregory, 2001). Companies should also not reduce the benefits of people in the workplace based on age. If the benefits are reduced, the younger employees should also experience the same. The Age Discrimination Employment Act also prohibits discrimination in promotions, wages, layoffs, and termination of employment. Age