WORLD BANK, IMF SPRING MEETINGS
At the height of Thatcherism in the late 1980s, the slogan “There is No Alternative” (Tina) was the clarion call by the Global North. In a post-Covid climate crisis era, it seems the song remains the same.
The International Monetary Fund (IMF) and World Bank’s annual Spring Meetings next week are taking place in Washington DC amid a fractured world, wars, inflation and the need for a new form of development finance.
However, if the World Trade Organisation ministerial meeting in Dubai failed to find an agree- ment on the “development agenda”, one can infer that the so-called reforms at the IMF and World Bank Spring jamboree will be just talk-shopping incommunicado.
Some “reforms”
