World Bank and IMF are Western tools with doomed future
THE managing director of the International Monetary Fund (IMF), Kristalina Georgieva, stated the obvious at a California conference when she lamented the gradual decline of the US dollar in global trade. Addressing the 2023 Milken Institute Global Conference in the US this week, she said: “There has been a gradual shift away from the Dollar, it was 70% of (world) reserves, now it is slightly under 60% .” ABBEY MAKOE Well, the writing has been on the wall for a long while. The US dollar is certainly losing its once unassailable dominance as a kind of an omnipotent world’s main…