Global financial bodies not fit for purpose, John McDonnell says

IMF, WTO and World Bank not doing enough to fight climate crisis, shadow chancellor says

Fighting the climate crisis should be put at the heart of decisions made by the International Monetary Fund and other global institutions as part of a fundamental shake-up designed to reduce the influence of corporate power, John McDonnell has said.

The shadow chancellor used a Guardian interview to say that Donald Trump's hostility to international bodies was the opportunity to recast organisations set up after the second world war for the modern age.