The institution has failed to retract a document that neoliberal politicians and commentators are using to advocate state spending cuts.
The IMF and World Bank will hold their annual meetings this week, with key global economic reports being released in the run up to these events.
The largest emerging economies will push ahead with a $50-billion development bank to provide alternative funding for the Brics countries.
Shares in emerging markets dropped from a 13-month high as the rand softened and shares in China, India and Iraq slid.
The World Bank has revised South Africa's economic growth forecast from 2.3% to 2% for 2014.
President Hery Rajaonarimampianina has taken over officially from coup leader Andry Rajoelina, pledging to create a climate conducive to investment.
Growth forecasts for the Sub-Saharan region have been revised downward as it will likely feel the impact of reduced monetary stimulus in the US.
Agang leader Mamphela Ramphele's autobiography tells how the Machiavellian bank culture helped her prepare to address HIV denialism.
A lower forecast for global growth, has eased concern central banks are preparing to curtail stimulus that fueled demand for emerging-market assets.
A new initiative of the World Bank and United Nations aims to ensure access to electricity for "everyone in the world".
The African Development Bank (AfDB) is an impressive turnaround story.
New data from the World Bank has revealed African migrants pay more to send money home to their families than any other migrant group in the world.
The entire continent is open for business, due to improved governance and political stability
What is truly scary about the IMF's income distribution figures, is that Botswana now has a more unequal distribution of income than South Africa.
About 600-million new jobs will be needed worldwide in the next 15 years to absorb a burgeoning workforce, mainly in Asia and sub-Saharan Africa.
A sobering World Bank report has found that poor South African kids are unlikely to escape poverty due to persistent social and economic inequalities.
South Africa has largely failed to provide equal opportunities to all citizens since the advent of democracy in 1994.
A veteran economist at the IMF has accused the global lender of suppressing information on difficulties in dealing with the global financial meltdown.
Economic growth has come back to Africa in the new century, making the 2000s the region's fastest-growing decade to date, writes Ha-Joon Chang.