Source: JimBovard.com
by James Bovard
“The International Monetary Fund was created in 1944 to shore up currencies and help nations with temporary balance-of-payment problems. In the decades since the IMF’s founding, global capital markets and fluctuating currency exchange rates have made the IMF a relic. But too many people have gotten rich from IMF largesse to permit the curtain to be closed on this institution. World Bank President Ajay Banga ‘has sought to emphasize the bank’s focus on job creation … and to prioritize private sector involvement in projects around the world,’ The New York Times reported. But the World Bank’s notion of private sector has often been either a fraud or a political smokescreen.” (04/28/25)
https://jimbovard.com/blog/2025/04/28/america-should-bolt-from-the-world-bank-and-imf/