- Type : publications
- December 2007
-
Revue : The Review of International Organizations
- à comité de lecture (a)
- note CNRS : 2
- note AERES : C
- Vol. 2 , n° 4
- p. 309-327
- Référence : A2007.25
The institutional failures of the International Monetary Fund conditionality
Auteur(s) : DULBECCO [P] (coauteur(s) avec ALLEGRET [J-P] )
Abstract / Résumé : The purpose of this paper is to propose an analytical framework integrating the diverse explanations of the failure of IMF conditionality. The IMF is a key player in the running of markets in a global economy. The institutional failures of IMF conditionality are appreciated at two complementary levels: (a) its intrinsic bureaucratic bias, and (b) the inability of the IMF to manage the institutional change required for the development of market processes. A new approach of conditionality suggests the separation of the role of the IMF as financial backer from its role as adviser to countries confronted by the globalization process.
