Making the IMF and World Bank Work for the Poor
To remain relevant, the IMF and the World Bank must resist calls to withdraw from emerging countries and engage them more, not less. These countries cannot afford to "go it alone" – and the rest of the world cannot afford to let them try.
https://prosyn.org/aGmZqs1
The World Bank has long proclaimed its dream of “a world free from poverty.” Likewise, the International Monetary Fund may arguably desire “a world free from financial crisis.” These are crucial and daunting objectives, but they are too narrow for the twenty-first century. To remain relevant, the Bretton Woods institutions must fully adapt to the needs of the world’s rapidly emerging countries, and they can begin that process at this spring’s IMF-World Bank meetings in Washington.