Russian Executive Director (ED) to the IMF Aleksie Mozhin, who has been the longest standing ED to the IMF, serving for 32 years since 1992, has resigned. In a parting blast to the IMF, in an interview with Ria Novosti, said that the IMF “has turned into a financial appendage of NATO [as well as] a conduit and a tool for Western countries’ foreign policy.” He attacked the “discrimination” directed at “a lot of member states.” RT covered the interview.
Mozhin added that the IMF “has become completely unfair in its assessment and analysis.” Mozhin suggested that there is a huge question mark hanging over the entity’s future. However, he added, despite its perceived shortcomings at present, a body such as the IMF would still have a place in a new world order, provided that it “pays attention to and cares for the state of the entire global economy.”
