Emerging economies eye IMF power

The International Monetary Fund (IMF) is supposed to be the financial institution that supervises the world economy.

Largely controlled by the US and Europe, it has given advice and funding to developing countries who got into economic difficulties.

But now the shoe is on the other foot, with a worldwide credit crunch that is roiling financial markets in the US and Europe while the emerging economies like China and India appear to have escaped unscathed.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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