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Governments and NGOs should help, not influence, developing nations when giving assistance with disaster relief efforts. According to Haddow et al. (2014), the International Monetary Fund (IMF) consisted of “multilateral development banks that deliver financial support and social development activities for developing countries” (p. 289). Nonetheless, this offer of assistance should not impose certain cooperative exchanges that influence the functionality of developing nations. Developing nations must remain independent and become resilient after receiving financial aid from other countries. As noted by Haddow et al. (2014), countries requesting aid must have submitted “a detailed plan for economic reconstruction” (p. 297).

Long-term effects of lending and borrowing can cause financial instability to the receiving nation based on the economic status of the lending nation. It makes economic sense for nations to request funds from wealthier nations first and use caution. According to Chwieroth (2014), “the IMF has been subjected to longstanding criticism for encouraging governments to liberalize restrictions on international capital flows” (p. 2). Chwieroth (2014) also noted that “unstable capital flows have negative outcomes based on the investor’s and borrower’s lack of financial stability knowledge” (p. 31). Without aid, developing nations lack the tools to fully recover from large disasters. (199 words).

References

Chwieroth, J. M. (2014). Controlling capital: the international monetary fund and transformative incremental change from within international organisations.New Political Economy,19(3), 445-469. Retrieved from http://personal.lse.ac.uk/CHWIEROT/Images/Controll…

Haddow, G. D., Bullock, J. A., & Coppola, D. P. (2014). Introduction to emergency

management(5th ed.). Waltham, MA: Butterworth-Heinemann. Retrieved from https://mbsdirect.vitalsource.com/#/books/97801241…

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