World Trade Organization (WTO),”is a global institution made up of membercountries whose stated mission is the lowering of trade barriers and the establishment ofground rules for international trade.Two organizations related to free trade and the WTO are the World Bank (theInternational Bank for Reconstruction and Development) and the International MonetaryFund (IMF).• These organizations make loans to countries that need to pay for economic developmentor financial adjustment projects.• Before approving a loan, the IMF or World Bank may require the borrowing country toreduce certain tariffs and import quotas. These are part of structural adjustment policiesthat require austerity measures be taken, reducing or privatizing government services
often at the expense of the poor”