9/28/2002 05:37:00 AM

The Globalist | Global Finance -- IMF/World Bank: The Indictment

what is the difference between the world bank and the IMF?

I always compare the IMF to the Communist Party: A vanguard — very ideological, very top-down. When they make decisions, things really happen. The World Bank is more complex, more like a university....

We give countries a choice: the wrong advice from the IMF straight away — or the right advice from the World Bank too late.