Compare the role and impact of the International Financial Institutions (IFIs) on African economies compared to those of China and India. How are they similar, and how do they differ? What motivates each? Is one better than the other?
For this assignment you do not need to structure the essay formally with introduction, body and conclusion, however you may do so if it helps you. Otherwise just answer the question step by step.
Firstly, present and define the nature of IMF aid in Africa and Chinese and Indian aid in Africa.
Secondly, compare both approaches: How are they similar, how do they differ? What motivate each?
Lastly, respond to question of whether one is better than the other? (No clear cut answer, however Chinese and Indian model is more flexible than IMF) Also IMF loans have been tried and tested. Still early to determine impact of Chinese and Indian involvement in Africa.
Use readings provided and only those 2 readings to support arguments -> Use direct quotations from readings