ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Unravelling of the Bretton Woods Twins

The Bretton Woods twins - the International Monetary Fund and the World Bank - have become largely irrelevant for both developed and developing countries. The market has enthroned the US dollar as the international reserve currency, with little role for the IMF which has lost its role as international lender of last resort. And the0 World Bank's capital is inadequate to meet the massive requirements of infrastructure in the developing world.

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