SARB's Mboweni blasts 'know-it-all' IMF

South African Reserve Bank governor, Tito Mboweni, slammed the IMF and World Bank on Tuesday 28 February for what he called their high handedness and know it all approach when dealing with developing countries.

In a speech at Pretoria University, Mboweni said the IMF especially required radical reform to give developing countries a voice in decision-making and end the current "embarrassment".

Mboweni also criticised the process by which the head of the IMF is always nominated from Europe while