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Poor States, Power and the Politics of IMF ReformThe IMF and LIDCs

Poor States, Power and the Politics of IMF Reform: The IMF and LIDCs [Effective analysis of post-Washington Consensus IMF LIDC policy reform requires institutional literacy in three areas: the IMF’s formal operations; the informal dynamics of its operational culture, specifically LIDC staff; and the historical role of the IMF in LIDCs. This chapter summarizes the Fund’s formal operations and institutional structure with an overview of the IMF and its contemporary role in member surveillance, technical support, and lending. It then focuses on the informal characteristics of the institution’s operational culture. The chapter concludes with an overview of the evolution of the Fund’s relationship with LIDCs from its birth nearly seven decades ago to the end of the Washington Consensus period. Evidence from the chapter demonstrates that the IMF wields both direct and indirect forms of power in its relationship with LIDCs.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Poor States, Power and the Politics of IMF ReformThe IMF and LIDCs

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Publisher
Palgrave Macmillan UK
Copyright
© The Editor(s) (if applicable) and The Author(s) 2016
ISBN
978-1-137-57749-8
Pages
29 –59
DOI
10.1057/978-1-137-57750-4_2
Publisher site
See Chapter on Publisher Site

Abstract

[Effective analysis of post-Washington Consensus IMF LIDC policy reform requires institutional literacy in three areas: the IMF’s formal operations; the informal dynamics of its operational culture, specifically LIDC staff; and the historical role of the IMF in LIDCs. This chapter summarizes the Fund’s formal operations and institutional structure with an overview of the IMF and its contemporary role in member surveillance, technical support, and lending. It then focuses on the informal characteristics of the institution’s operational culture. The chapter concludes with an overview of the evolution of the Fund’s relationship with LIDCs from its birth nearly seven decades ago to the end of the Washington Consensus period. Evidence from the chapter demonstrates that the IMF wields both direct and indirect forms of power in its relationship with LIDCs.]

Published: Jun 3, 2016

Keywords: Member State; Executive Board; Bretton Wood System; Author Interview; Payment Deficit

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