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Better Money Management, Not Money Printing, Is the Solution

By Togba-Nah Tipoteh Having served as Chairman of the African Group of Governors of the World Bank (WB) and the International Monetary Fund (IMF), I am aware of the principal objective of these biggest global financial institutions. While the Marshall Plan focused on the rehabilitation of post World War Two Western Europe, these Bretton Woods Entities… ....

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2021 New Year's Message

Dr. Togba-Nah Tipoteh
Having served as Chairman of the African Group of Governors of the World Bank (WB) and the International Monetary Fund (IMF), I am aware of the principal objective of these biggest financial institutions. While the Marshall Plan focused on the rehabilitation of post-World War Two Western Europe, these Bretton Woods entities focused on providing funds globally, especially for the developing countries, who constitute most of the membership of these institutions, but the majority of the shareholdership remains in the hands of the Group of Six (United States of America, Canada, Germany, Great Britain, France, and Japan), led by the USA, with over 50 percent of the shares. Therefore, the decision-making of the WB/IMF remains under the control of the Group of Six. It was the Group of Six that approved the USD 1.2 billion loan to the apartheid regime of South Africa when Arch-Bishop Desmond Tutu led a global campaign, in which I served as Coordinator ....

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