Tag: IMF

New Presidency of the World Bank

Recently, the World Bank has received attention from the media because they are about to appoint the new president. This is the first time that the World Bank has been subject to a competitive process. Previously, the U.S. president selected it. There are currently three candidates for the position, Ngozi Okonjo-Iweal, Jose Antonio Ocampo and …

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The changing IMF

Leer la versión en Español Next Thursday the International Monetary Fund (IMF)-the international organization that oversees the global financial system- will have to elect a new Managing Director (MD), after Dominique Strauss Kahn’s (former MD) resignation. The two candidates for the position are France’s economy and finance minister Christine Lagarde and Mexico’s central bank director, …

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Jamaica’s Ruined Economy

In a world that is run by various forms of financing and spending, countries are continuously dependent on institutions that provide for their ability to develop.  And in a reality where even highly developed countries like the US, UK, and Germany are millions of dollars in debt, is it really surprising that developing countries are …

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