Sign in for registered users
The IMF and World Bank are becoming too rigid, and they do not seem to be fit for purpose in the 21st century In an unprecedented development, the then-Chief Executive of World Bank, and now International Monetary Fund (IMF) Managing Director Kristalina Georgieva ...
... “synchronized slowdown” across the globe with the Fund revising its growth projection for global economic growth downwards and putting the 2019 growth estimate at the lowest level since the 2008-2009 financial crisis This year’s Annual meetings of the IMF and the World Bank in Washington DC revealed a growing preoccupation with the mounting signs of a slowdown in the world economy. The IMF’s diagnosis was that of a “synchronized slowdown” across the globe with the Fund revising its growth projection for ...
... Working individually, Russia, India and China are more flexible in extending preferential credits and development assistance, avoiding interference in the domestic affairs of borrower countries. The main difference of the BRICS institutions from the IMF and World Bank seems to lie in the global economic clout rather than in greater fairness. Although the BRICS bodies are open to new members, the governing structure does not make global coverage possible. Moreover, the IMF can also act internationally as ...
| U.S. wants to establish partnership relations with Russia on condition that it meets the U.S. requirements |
|
| U.S. wants to deter Russia’s military and political activity |
|
| U.S. wants to dissolve Russia |
|
| U.S. wants to establish alliance relations with Russia under the US conditions to rival China |
|
