Law and Policy of IMF Conditionality

1. Auflage 1996
ISBN: 978-90-411-0211-9
Verlag: Wolters Kluwer

Buch, Englisch, Band 27, 308 Seiten, GB, Format (B × H): 155 mm x 235 mm, Gewicht: 717 g

Reihe: Legal Aspects of International Organizations

IMF conditionality has been severely criticised by developing countries, who accuse the Fund of unjustly provoking political turmoil and causing poverty. This refers to the policies that a member country is required to follow in order to be able to use the Fund's resources. Conditionality is legally based on the requirement to adopt `adequate safeguards' for the use of resources as stipulated by the IMF's Articles of Agreement.

This work focuses on legal implications and policy aspects and, more specifically, on the question of how far-reaching the requirement of `adequate safeguards' may be. Furthermore, the author demonstrates that conditionality is also affected by cooperative arrangements with other institutions, such as the World Bank and United Nations. A major conclusion is that there should be improvements in cooperation and in the monitoring of the application of Fund law on conditionality.

Scholars and students who take a deep interest in international economic relations will find this book a unique opportunity to study the legal framework of conditionality. Government officials preparing for negotiations with the Fund will also benefit from reading this work.

Zielgruppe

Research

Autoren/Hrsg.

Denters, Erik M G

Denters, Erik

Fachgebiete

• Rechtswissenschaften Internationales Recht und Europarecht Internationales Recht Internationales Handels-, Wirtschafts- und Gesellschaftsrecht

Inhaltsverzeichnis

I. Introduction and Conclusions.
II. Institutional Structure and Functions.
III. Evolution of Conditionality.
IV. Codification of Policy: Guidelines on Conditionality.
V. Reinterpretation of Aims.
VI. Conditionality and International Cooperation.
VII. Interpretation and Dispute Resolution. Selected Bibliography.
Appendices.
Index.