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Monday, September 22, 2008

New UN president criticises Bretton Woods institutions

By Erick Kabendera, New York

The UN General Assembly opened its 63rd session on Tuesday, with its new president criticizing the Bretton Woods institutions for their difficult policies on developing countries.

Father Miguel D?Escoto Brockmann, who becomes the first priest to hold that position, cited the International Monetary Fund and World Bank as being under the command of the United States and Europe and used as an instrument of domination.

Despite the institutions not being directly related to the UN, Fr D?Escoto said the world was against them being used as tools of control by big powers. More...


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