Journal of Anbar University for Law and Political Sciences

Abstract

Developing Countries suffer from major shortages and misuse of their local resources, therefore, they resort to external funding in order to finance their development projects. Developing Countries resort to the International Monetary Fund to provide them with the necessary financial resources to support their local economies and correct the imbalances in their budgets, which contribute to the achievement of the development process in these countries. However, the conditions accompanying these loans limit the possibility of maximum benefit from these loans. Though the Monetary Fund has played a positive role in supporting many Developing Countries, there are some experiments that have failed due to the conditions of the Fund that do not fit occasionally to the political, economic and social situations of these countries.