IMF and World Bank – a venue for the China-US power struggle

Global institutions such as the IMF, the WTO, and the World Bank are increasingly shaped by the rivalry between China and the US. For Beijing, they are bulwarks of the West. China, therefore, wants to counteract by creating its own organizations. The Bulgarian IMF chief Kristalina Georgieva has apparently been caught in the crossfire.

Last updated: 24. July 2025