Dane Rowlands evaluates the efficacy of the International Monetary Fund and other financial institutions in tackling global financial issues such as poverty.
The World Bank faces mounting pressure to prioritize climate change as its new overarching mission, which will require significant adjustments to its investments and orientation.
Ukraine is one of the largest borrowers of IMF and World Bank money, and the country holds huge debt obligations from countries and external creditors worldwide.
Rising powers’ dissatisfaction with the institutional order has led them to set up new institutions which overlap with legacy institutions.
Tracing how China adopted GDP measurement in the early reform period (1978-1993) tells us more about how GDP has shaped China’s current powerful status.
The new institutions of the BRICS signal a new reality in international politics that corresponds to the unique multipolar moment of power and ideas.
Development agencies have started to engage more with the political nature of development. However the nature of politics is that what is ‘right’ is always contestable.
The G7 states themselves are no more likely to push for a Global Economic Council than turkeys are to vote for Christmas, but that should not stop others from advocating along these lines.
In 1993 Ghana initiated the partial liberalisation of its most significant economic export, cocoa beans. Having resisted World Bank pressure to liberalise fully, the Cocoa Marketing Board retained its monopoly on exports through the Cocoa Marketing Company. It thus sustained its farm-to-port quality control system of every sack and its authority to determine the terms of trade
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