World Bank criticises IMF

  • 07/10/1998

The International Monetary Fund's (IMF) handling of East Asian currency crisis and insentitivity to the consequence of its prescriptions on developing world's people has come in for a scathing attack from the top echelons of World Bank showing a growing rift between the two Bretton Woods institutions, analysts say. World Bank president James Wolfensohn, the analysts say, has been in vanguard of such an attack criticising IMF's technocratic approach to global economic problems oblivious to the trouble it caused to countries it added.