SA's Mboweni challenges IMF and World Bank

Tito Mboweni, the governor of the South African Reserve Bank, has lashed out at the Bretton Woods institutions, labelling them vehicles for developed economies to control developing and emerging-market countries.

Speaking in Pretoria, Mboweni said that the International Monetary Fund and the World Bank found themselves completely on the sidelines in recent weeks in coming up with recommendations on how to address the current financial meltdown. "It would appear that it has been easier for the

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