The IMF and the World Bank are two of the most prevalent international financial institutions. They were both founded in 1944, the year before the end of World War II. John Avlon: The institution's new twin goal is to accelerate economic growth and to reduce poverty. He says they have had the opposite effect by exacerbating global poverty.Avlon: In reality, these initiatives were designed to contain and quash socialist and or anti-colonial governments.

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