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World Bank and IMF: financial cops of western hegemony

One of the key aspects of the current global order is the unjust economic policies and institutions that have been imposed by the victors of the Second World War. The principal vehicles by which the US and its allies exercise their economic hegemony are the World Bank and the International Monetary Fund (IMF). Even though the World Bank and IMF are often discussed in terms of their failed methods and programs, the main props of the thought behind them are flawed. The fact that their flawed princ...

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http://usa.mediamonitors.net/content/view/full/75414

IMF ED: SDRs could be used as eurozone crisis response

The International Monetary Fund could consider a new allocation of special drawing rights to help ease the euro zone debt crisis that has rattled global markets for months, an IMF director said on Thursday. Reuters, 28 May.

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http://in.reuters.com/article/idINIndia-48865020100527

Will climate finance mean a new path for the World Bank?

By embarking on several climate change initiatives, including an assessment of progress in implementing the Strategic Framework on Development and Climate Change (SFDCC) and the revision of its Energy Strategy, the World Bank has positioned itself to play a role in the management of new climate funds. The Bank already hosts several climate related trust funds, including the Climate Investment Funds. It is the trustee of the Global Environment Facility (GEF), and its largest implementing agency. ...

Full article available at:
http://www.wri.org/stories/2010/05/will-climate-finance-mean...

Brazil fin min: No confidence IMF surveillance ever evenhanded

In yet another of his sharply-worded critiques, Brazilian Finance Minister Guido Mantega Saturday slammed the International Monetary Fund for it's skewed oversight of member governments and disappointing progress in giving voice to important emerging market economies. iMarketNews, 24 April.

Full article available at:
http://imarketnews.com/node/12338