Role and influence of international financial institutions
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2013
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Abstract
International financial institutions (IFI) analysis and ideas have dominated aspects of development strategy and ideology. This chapter discusses the Bretton Woods institutions — the International Monetary Fund (IMF) and the World Bank and how they have influenced thinking on global development by governments, donors, and the international community. The focus is on how global developments have affected IMF and World Bank influence on thinking and practice, which has materially declined. The chapter concludes with reflections on whether the declining influence of the IMF and World Bank may be reversed.
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BRETTON WOODS INSTITUTIONS, WORLD BANK, IMF, INTERNATIONAL FINANCIAL INSTITUTIONS, DEVELOPMENT FINANCE, DEVELOPMENT POLICY, WORLD BANK, INTERNATIONAL MONETARY FUND, STRUCTURAL ADJUSTMENT, AID INSTITUTIONS, GLOBAL, GLOBAL SOUTH, DEVELOPING COUNTRIES