US Plans at Restructuring May Include World Bank, IMF & UN Agencies

UNITED NATIONS, Apr 25 (IPS) - The US State Department, in a wide-ranging political re-structuring of its policies, will eliminate 132 domestic offices, lay-off about 700 federal workers and reduce diplomatic missions overseas.

The proposed changes will also include terminating some of the funding for the United Nations and its agencies, budgetary cuts to the 32-member military alliance, the North Atlantic Treaty Organization (NATO), and revamping 20 other international organizations, including the World Bank (WB) and the International Monetary Fund (IMF).

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