World Bank - What We Do
The World Bank Group works in every major area of development. We provide a wide array of financial products and technical assistance and help countries share and apply innovative knowledge and solutions to tackle today’s intertwined development challenges. *

IMF - About
The IMF is a global organization that works to achieve sustainable growth and prosperity for all of its 191 member countries. It does so by supporting economic policies that promote financial stability and monetary cooperation, which are essential to increase productivity, job creation, and economic well-being. The IMF is governed by and accountable to its member countries. *

That sounds great, they really know how to sell themselves to the world. But would the power elite in control of these organizations really want to end extreme Materialism in the world?

Axel Dreher - Do IMF and World Bank Influence Voting in the UN General Assembly?
Ever since their inception, the International Monetary Fund and the World Bank have been accused of being a tool of their major shareholders, and especially the US. Woods clearly documents that the US virtually controls major decisions at IMF and World Bank; Fratianni and Pattison summarize evidence showing that the G7 are in full control of the IMF on the big issues and that staff autonomy is restricted to areas which are of marginal interest to its shareholders. In the words of Rieffel, "The IMF is an instrument of the G-7 countries."

World Bank and IMF are tools created by the Global North; the richest western nations led by the US.

Dennis Leech - Voting power in the governance of the International Monetary Fund
It is commonplace however to note that the organisation is in practice dominated by the United States and the advanced industrial nations since their combined voting weight gives them a majority over the developing countries.

The US and the richest western nations of the Global North use the World Bank and the IMF to control the developing nations which form the Global South. The Global North controls the Global South...

Michael Hudson - Super Imperialism
The faults built into the core of the World Bank and the IMF at their inception ... were intended to preserve the US's financial hegemony. Difficult to detect at the time, these problems have since become explicit as the failure of the international economic system has become apparent; the IMF and World Bank were set up to give aid to developing countries, but instead many of the world's poorest countries have been plunged into insurmountable debt crises.

The World Bank and IMF give loans to developing countries by which they indebt these countries and gain control over them and their people, because in the end taxpayers will have to repay the national debt. Whereas imperialism is typically characterized by conquest and rule, neoimperialism is domination over others primarily by way of formally free legal agreements, economic power, and cultural influence.** See also neocolonialism and economic imperialism.* According to the World Bank's IBRD Articles of Agreement...

World Bank - IBRD Articles of Agreement: Article I
To promote private foreign investment by means of guarantees or participations in loans and other investments made by private investors ... to promote the long-range balanced growth of international trade ... to conduct its operations with due regard to the effect of international investment on business conditions in the territories of members *

The purpose is to open the markets of poor countries to western multinational corporations. While doing so they force national leaders to implement strict regulations which usually involve austerity and restrictions on investments in for example health care and education.

James S. Henry - The Blood Bankers: Tales from the Global Underground Economy
From 1970 to 2003, over three trillion dollars ... were loaned to developing countries by the West. Yet the gap between rich and poor is worse than ever. What happened? Where did all that money go?

Éric Toussaint - Support for dictatorships
It's very clear that from the beginning, the IMF and the World Bank have supported numerous dictatorships all around the world in accordance with the political interests of the United States and its allies. *



On 30 September 1965, Indonesian General Suharto staged a military coup, supported by Washington, and became known as a war criminal** and one of the greatest mass murderers of the 20th century.** In July 1966 he joined the World Bank.**



Mobutu Sese Seko was the military dictator and President of the "Democratic Republic" of the Congo from 1965 to 1997. He was a corrupt and ruthless dictator who built Versailles in the jungle.** He was labeled one of the world's top criminals.** The New York Times reported that Mobuto was called one of the world's wealthiest heads of state, a brutal dictator, an inveterate meddler in the affairs of neighbors and a colossal ego.** The United States was in business with Mobutu Sese Seko.** Etcetera.

Carole J.L. Collins - Zaire/Democratic Republic of the Congo
In some years he and his cronies siphoned off up to 50% of Zaire’s capital budget as well as hundreds of millions in mineral export revenues, foreign aid and loans, and private investment (some guaranteed by the U.S. Eximbank). The effects were catastrophic. ... Mobutu’s impact on people’s daily lives was devastating. ... Nevertheless, the U.S. continued to view Mobutu as a useful ally against both global communism and radical African movements. He was vital to the U.S.-backed UNITA rebels’ efforts to overthrow the leftist MPLA government in neighboring Angola. *

The IMF was in business with him. Zaire received $1.8 billion between 1972 and 1995, and its economy contracted 54 percent.** Mobutu Sese Seko also spoke at the United Nations on 4 October 1973.** It is of course also telling that the West kept calling it "Democratic Republic" while in reality it was a dictatorship.



IMF was also in business with President Jakaya Kikwete of Tanzania. Tanzania is known to be extremely corrupt. See for example Rampant corruption in Tanzania keeps fruits of the many in hands of the few,* Corruption, press restriction taint Kikwete’s impressive legacy,* or corruption rocked Kikwete's government in the past decade.* Corrupt leaders like Jakaya Kikwete also get to speak at other globalist organizations like for example the World Economic Forum.**



IMF made deals with Goodluck Jonathan when he was President of Nigeria. He was labeled an ineffectual buffoon who let politicians and their cronies fill their pockets with impunity.** Nigeria is known for its extreme poverty and corruption.* Also a corrupt leader like Goodluck Jonathan gets to speak at for example the United Nations** and World Economic Forum.**

BRICS was founded by five major emerging national economies: Brazil, Russia, India, China and South Africa. Currently it comprises of ten countries: Brazil, China, South Africa, Egypt, Ethiopia, India, Indonesia, Iran, Russia and the United Arab Emirates. They became more significant on the world stage which used to be mainly dominated by the G7 consisting of the United States, Great Britain, Canada, France, Germany, Italy and Japan. Some people claim that BRICS may aid in reducing the influence of the United States and other Western institutions in the world.** The rise of China threatens dollar dominance with potentially profound ramifications for America's strategic position in the world.* In July 2014 the BRICS leaders stated: We call for an international financial architecture that is more conducive to overcoming development challenges.* According to the IMF...

IMF - BRICs Drive Global Economic Recovery
The BRICs are pursuing a four-pronged approach: decisive regulation of global financial markets; an orderly move away from the existing global monetary system based solely on the dollar; reorganization of the IMF, including a more important role for Special Drawing Rights as a transitional instrument in international reserve facilities; and the longer-term creation of a new multipolar monetary system based on a basket of currencies. *

BRICS is a step closer to a new global financial order together with the power elite who are already in control of the World Bank and IMF. The power elite of the BRICS countries want to have a larger piece of the international financial market. The IMF wants to be the mother of a new financial system which houses the Dollar and any other currency in the world, including that of the BRICS. This is nothing new, for example in 1988 the Economist released an issue titled Get Ready for a World Currency.* In 1998 it released an article called One World, One Money: A global currency is not a new idea.*



IMF maintains so-called special drawing rights which until 2015 contained US dollars, euros, pounds sterling and Japanese yen. But to be a truly global financial power it will have to include all powerful world currencies. China wanted to be part of the IMF's special drawing rights.** That's how China would play a bigger role in the management of the global financial system.* At the opening ceremony of BRICS' New Development Bank in July 2015 Chinese Finance Minister Lou Jiwei said that the NDB will supplement the existing international financial system in a healthy way and explore innovations in governance models.** In August 2015 China knocked on the reserve-currency door of IMF.* In September 2016 the Chinese currency Renminbi joined the US Dollar, Euro, Yen, and British Pound in the SDR basket of IMF.**