Date of Original Version

5-2004

Type

Response or Comment

Abstract or Description

Much of what the charters of the IMF and the World Bank say about purposes and objectives is out of date. The current mandate of the IMF should be to reduce global risk to an attainable minimum. The mandate of the World Bank should be to facilitate social and economic development as a means of reducing poverty.

Comments

Hearings before the Senate Committee on Banking, Housing, and Urban Affairs, May 19, 2004

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