Towards Alternatives to IMF and World Bank
The planet is 'too big to fail'
The International Monetary Fund (IMF) and the World Bank are controversial among governments and civil society organisations for many reasons: their unfair governance structures, their harmful loan conditionality, and last not least the fossil-based project policies of the Bank. Barbara Unmüßig explores some alternatives.
This article will highlight the following key points: how the financial and climate crises created by the West is devastating innocent countries; how the International Financial Institutions have contributed to these crises, including through imposing policies in developing countries that are rarely implemented by industrialized countries; and how these problems must be addressed through new governance arrangements and more vital civil society movements that insist on a Green New Deal for all countries ...
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