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news Scmp World 2026-04-11

Can World Bank and IMF Rescue a Global Economic Crisis?

The article questions whether major international bodies like the World Bank and IMF can stabilize the global economy. It suggests that the nations' ability to prevail may be undermined by recent geopolitical tensions involving the US and Israel.


Can the collective wisdom or clout of the almost 200 countries that make up the membership of the World Bank and International Monetary Fund (IMF) prevail against the United States and Israel, whose rash actions of declaring war on Iran have effectively declared economic war on the whole world? We may get the answers to this critical question when the two so-called Bretton Woods institutions begin their annual meetings in Washington on April 13. The week-long gatherings provide an opportunity...

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