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                    [Title] => Can The IMF, World Bank Reinvent Themselves?
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At best, it could be that the IMF and the World Bank have outlived their
usefulness. During the Marcos dictatorship, they did serve the purpose of
putting pressure on the kleptocracy so as to manage the damage done on the
nation's economy. Of course it could be said that they did not do enough and
the desperate state of the economy and the large amount of wealth siphoned out
of the country and into Swiss banks is proof of failure.
                    [DatePublished] => 2000-04-24 00:00:00
                    [ColumnID] => 133182
                    [Focus] => 0
                    [AuthorID] => 1804837
                    [AuthorName] => Boo Chanco
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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HISS

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                    [Title] => Can The IMF, World Bank Reinvent Themselves?
                    [Summary] => 

At best, it could be that the IMF and the World Bank have outlived their
usefulness. During the Marcos dictatorship, they did serve the purpose of
putting pressure on the kleptocracy so as to manage the damage done on the
nation's economy. Of course it could be said that they did not do enough and
the desperate state of the economy and the large amount of wealth siphoned out
of the country and into Swiss banks is proof of failure.
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abtest

Can The IMF, World Bank Reinvent Themselves?

By Boo Chanco | April 24, 2000 - 12:00am

At best, it could be that the IMF and the World Bank have outlived their usefulness. During the Marcos dictatorship, they did serve the purpose of putting pressure on the kleptocracy so as to manage the damage...

Business