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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration

UK’s Brown-IMF, World Bank are not fit for purpose

Posted on 10 February 2009

From Reuters: The International Monetary Fund and the World Bank are not fit for purpose and need to change dramatically in the wake of the worst financial crisis in living memory, British Prime Minister Gordon Brown said on Monday.

Speaking at a seminar to set out the agenda for April’s G20 leaders’ summit in London, Brown told the assembled academics that a “bold leap forward” was now needed if future crises were to be prevented….. Full Article: Source


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