The World Bank & IMF: Navigating Great Power Competition
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The International Financial Institutions (IFIs), including prominent entities like the World Bank and the International Monetary Fund (IMF), have long been pillars of global economic stability and development. However, critics argue that these institutions were mainly designed after World War II, with structures that may not effectively address contemporary challenges such as climate change and social inequalities. Moreover, the emergence of a new era marked by the rivalry between the United States and China has further complicated matters. China’s growing…
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