Controlling the World Bank and IMF

Download or read book Controlling the World Bank and IMF written by Liam Clegg and published by Palgrave Macmillan. This book was released on 2013-06-03 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the concessional lending operations of the World Bank and IMF having expanded dramatically in the aftermath of the Global Financial Crisis, Liam Clegg provides a timely analysis of the institutional dynamics shaping this aspect of the institutions' operations. Drawn from staffs' own understandings of their operational environments, the volume explores the dynamics of power surrounding these activities. As shareholder states continue to push the institutions to demonstrate their effective contribution to global poverty reduction, they alter the opportunities available for a range of stakeholders to shape operational practice in these key arenas of global economic governance. By demonstrating that current developments are serving to tilt the balance in the 'asymmetric accommodation' between shareholders and stakeholders towards the former, the author highlights some of the most controversial areas of World Bank and IMF operations.