Decision-Making in the International Monetary Fund: Implications for Sovereign Equality of States

2018 ◽  
Author(s):  
Alex Ansong
Keyword(s):  
Decision Making ◽  
International Monetary Fund ◽  
Sovereign Equality ◽  
The International Monetary Fund

scholarly journals Decision-Making in the International Monetary Fund: Implications for Sovereign Equality of States

2019 ◽  
Vol 23 (37) ◽  
pp. 44-66
Author(s):  
Alex Ansong
Keyword(s):  
Decision Making ◽  
International Monetary Fund ◽  
International Organizations ◽  
Joint Stock Company ◽  
Stock Company ◽  
Sovereign Equality ◽  
International Economic Cooperation ◽  
Set Up ◽  
The International Monetary Fund ◽  
The Imf

Abstract The International Monetary Fund (IMF) is one of the post-Second World War international organizations set up to promote good international economic cooperation among states. Unlike international organizations like the United Nations (UN) and the World Trade Organization (which succeeded the General Agreement on Tariff and Trade 1947), decision-making in the IMF is quite peculiar in that it is based on the joint stock company model where the value of shares determine the value of a member’s vote. Thus the principle of sovereign equality of states that underpins the one-member-one-vote system in the UN and WTO is absent in the IMF. This paper discusses the various decisionmaking organs in the IMF and concludes with a discussion on the sovereignty implications of the use of IMF conditionalities in the giving of loans, especially to developing countries.

From One Crisis to the Next

2017 ◽  
Author(s):  
Stephen C. Nelson
Keyword(s):  
Decision Making ◽  
International Monetary Fund ◽  
Economic Collapse ◽  
Imf Programs ◽  
The International Monetary Fund

This chapter examines Argentina's relationship with the International Monetary Fund (IMF) during the period 1985–2002. It first considers the new policy team formed by Argentine President Raúl Alfonsín and its plan to solve the country's spiraling inflation problem before discussing the successive failed stabilization programs, including Plan Austral and Plan BB, that culminated in Alfonsín's resignation and the transformation of the Argentine economy under a group of neoliberals in the Peronist government of Carlos Menem. It also analyzes the politics surrounding the series of IMF programs that preceded the economic collapse of 2001–2002, along with the United States's influence on the decision making of the Fund. Finally, it assesses the aftermath of the Argentine crisis.

scholarly journals Enter the Troika: The Politics of Social Security during Ireland's Bailout

2017 ◽  
Vol 47 (1) ◽  
pp. 1-20 ◽  
Author(s):  
ROD HICK
Keyword(s):  
Decision Making ◽  
Civil Society ◽  
Social Security ◽  
European Commission ◽  
International Monetary Fund ◽  
Civil Servants ◽  
Civil Society Organisation ◽  
Irish Government ◽  
Depth Interviews ◽  
The International Monetary Fund

AbstractThis paper examines the influence of the Troika on the retrenchment and reform of social security in Ireland during its bailout between 2010 and 2013. To do this, it draws on data from in-depth interviews with senior civil servants and civil society organisation staff who met with the Troika as part of their quarterly missions to Ireland during this period. The key themes which emerged from these interviews include the largely domestic origins of social security retrenchment and reform; the surprising, and distinctive, positions adopted by the European Commission and the International Monetary Fund (IMF); the extent of the Irish government's room for manoeuvre in this area, and the ways in which the Irish government defended social security against proposals for additional cuts put forward by the Troika. The paper concludes by arguing that the scope for domestic decision-making was heavily constrained, yet non-trivial, and that the Troika's influence comprised not only ‘powering’ but also ‘persuasion’.

Sign in / Sign up

Export Citation Format

Share Document