Challenges to the World Bank and IMF: Developing Country Perspectives
Ariel Buira, Group of Twenty-FourISBN: 1843311410;
This unique book examines some of the most burning issues on the economic agenda today. Bringing together some of the foremost authorities in their fields, this volume challenges the existing mechanisms for the governance of the world economy. Thechapters in this book consider the current approaches of the World Bank and IMF, and offer alternative proposals for the effective participation of developing countries in these institutions. In doing so, the volume ranges from discussions on reforming the IMF and its conditionality, the operations of financial markets, debt workouts and restructuring, management of capital flows, debt sustainability and crisis prevention, to Millennium Development Goals and the global partnership development. This volume is a compelling reminder of the long road to be travelled before the governance of the world economy becomes truly responsive to the aspirations and needs of the developing world.
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