Last week the annual meetings of the International Monetary Fund and the World Bank Group took place in Washington, D.C. Policy elites discussed economic uncertainty, private enterprise and eradicating hunger. All are worthy topics. Still, the real problems affecting the global economy include China’s mercantilism, its restrictions on rare earth exports, the war in Ukraine, and the sharp rise in sovereign debt since COVID-19.

The IMF and World Bank are failing on these counts.

Recommended Stories

The real scandal in criminal justice is how few offenders get caught

The Jay Jones saga is one of media bias and lack of accountability

Trump puts Argentina before American agriculture

The IMF enables poor economic policies that lead to serial defaults. The World Bank’s approach

See Full Page