... arrangements that is quite advanced and over the past years has been conducted on a semi-annual basis on the side-lines of the IMF Annual Meetings.
One global trend that will likely favour the creation of platforms among the regional development banks is ... ... the ambitious environmental goals in leading developed economies and in advancing the green agenda across the economies of the Global South.
The emergence of new projects with a global reach launched by the world’s leading economies also raises the role ...
... countries. Sadly, the U.S. candidate, Jim Yong Kim, got this job with the not insignificant help of the Russian government.
In this way, we are faced with an incredibly undemocratic situation where the U.S., G7 and the EU control the veto process in the IMF and the World Bank to the detriment of the majority of the world’s population. In other words, “For every vote that the average person in the Global North has, the average person in the Global South has only one-eighth of a vote (and the average South Asian has only one-20th of a vote),” as Hickel argues in his
Al Jazeera
article published on November 26, 2020, titled
Apartheid in the World Bank and the IMF
.
Andrey Kortunov:
The ...
