The UN is criticizing the IMF and World Bank for benefiting rich countries and not poor ones

Antonio Guterres, the UN chief, has increased his criticism of the World Bank and IMF. These are two organizations that were designed post WWII to help poor countries. The thing is, they are doing the opposite. It turns out that wealthy countries are often the one benefiting from their policies instead of poor ones.

The IMF is actively trying to prevent countries from making crypto legal tender since it undermines their control over the global economy. They even have admitted that El Salvador’s Bitcoin risks have not materialized but they should still be “addressed”. Yes, they actually admitted they were wrong, but still want their solution carried out as if they were right.

It is about time that some government entities are able to see that the World Bank and IMF are essentially pawns of the US and EU (an appointee from the US or EU rounds each of them). Crypto can actually help with this problem. Maybe the UN should take a serious look at crypto.