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Politics and Bretton Woods institutions

‘The “Doing Business” controversy has shaken confidence in the World Bank and the IMF. But it must not obscure the real problems with the Bretton Woods institutions: the disproportionate power of…

Some important economic policy questions

The first important policy question facing policymakers is how much role aggregate demand plays in determining inflation? This needs a clear presentation of analysis by policymakers, since the way inflation…

World Bank needs to revisit its policy and lending focus

In its recently released report ‘Pakistan development update October 2023: restoring fiscal sustainability’ the World Bank (WB), just like the International Monetary Fund (IMF) policy thinking, including as highlighted in…

IFIs at a crossroads

In October, as the world’s attention turns toward Morocco for the Annual Meetings of the World Bank Group and the International Monetary Fund (IMF), it is an historic moment to…

Beyond macroeconomics

The International Monetary Fund (IMF) epitomizes a global economic paradigm rooted in inequality with little emphasis on inclusiveness. Advocates of this model argue that some degree of inequality is essential,…

Are we moving away from the dollar?

The dollar got the status of a reserve currency after the aftermath of World War II by the 1944 Bretton Woods Conference. World War II brought fortunes for some countries,…