Governance, institutional reform & the state: international financial institutions & political transition in Africa

2001 ◽  
Vol 28 (88) ◽  
pp. 155-176 ◽  
Author(s):  
Bonnie Campbell
Keyword(s):  
Financial Institutions ◽  
Institutional Reform ◽  
The State ◽  
Political Transition ◽  
International Financial Institutions

Architects of the State: International Financial Institutions and the Reconstruction of States in East Asia

2012 ◽  
Vol 37 (02) ◽  
pp. 265-296 ◽  
Author(s):  
Terence C. Halliday
Keyword(s):  
Financial Institutions ◽  
Asian Financial Crisis ◽  
Domestic Demand ◽  
The State ◽  
Relative Power ◽  
International Financial Institutions ◽  
Commercial Law ◽  
State Restructuring ◽  
Global Norms ◽  
Recursive Dynamics

For international financial institutions (IFIs), it is a continuing puzzle why the global norms they propagate are enacted either reluctantly or not at all. This article shows that failures of enactment and implementation frequently occur because many IFI-initiated law reforms go far beyond changing the law; they amount to a restructuring of the state itself and the accompanying redistributions of power. This article demonstrates how state restructuring can occur in a technical area of commercial law by reanalyzing the ways global and transnational designs of corporate bankruptcy regimes fared between 1998 and 2006 in three countries variously affected by the Asian financial crisis: China, Indonesia, and South Korea. State restructuring occurred by (1) shifting the boundary between the market and state, (2) shifting power inside the state, and (3) vesting new powers in the state. The article identifies the recursive dynamics through which the changes unfolded and shows how variations in the efficacy of international architects of the state can be attributed to the interplay of four sets of factors: the coherence of global norms, the relative power of global versus state actors, domestic demand and mobilization for restructuring, and the extent of state restructuring that reforms will induce.

scholarly journals Accountability in International Development Aid

2006 ◽  
Vol 20 (1) ◽  
pp. 1-23 ◽  
Author(s):  
Leif Wenar
Keyword(s):  
International Development ◽  
Financial Institutions ◽  
Development Aid ◽  
Aid Effectiveness ◽  
The State ◽  
International Financial Institutions ◽  
Poverty Relief ◽  
Government Aid ◽  
Development Agencies ◽  
International Development Aid

Concerns over aid effectiveness have led to calls for greater accountability in international development aid. This article examines the state of accountability within and between international development agencies: aid NGOs, the international financial institutions, and government aid ministries. The investigation finds that there is very little accountability in these agencies, and that the accountability that there is often works against poverty relief. Increasing accountability, however, is not always the solution: increased accountability may just amplify the complexities of development efforts. Only those reforms with real promise to make aid more effective in reducing poverty should be encouraged. One such proposal is set out here.

scholarly journals THE MECHANISM OF AGRICULTURE SUPPORT FUNDS FUNCTIONING

2021 ◽  
Vol 9 (3) ◽  
pp. 27-38
Author(s):  
Mariya Samohovec
Keyword(s):  
Financial Institutions ◽  
Financial Statements ◽  
The State ◽  
Financial Resources ◽  
International Financial Institutions ◽  
Agricultural Producers ◽  
Main Area ◽  
Information Materials ◽  
Official Information ◽  
Agriculture Support

Agriculture support funds is one of the variants for supporting agricultural producers, incl. budgetary functioning, worldwide. The main sources of formation and activities of agriculture support funds (in Uzbekistan, Kazakhstan and Armenia) were analyzed. The research is based on the official information materials for establishment and functioning of such funds (regulatory legal acts, articles of association, corporate documents, financial statements, etc.). The following conclusions were made as the result of the analysis: agriculture support funds may include own capital and attracted resources, investors' facilities and funds of international financial institutions. The main area of activity of agriculture support funds is financing agricultural producers on various bases - lending and microcredit, investments, subsidies, leasing programs. It is possible to distinguish three options for the financial resources movement through agricultural support funds, depending on the role assigned to the fund in this mechanism – source of financial resources, the State agent or investor.

US protectionism against the G20 is building momentum

2017 ◽  
Keyword(s):  
Economic Policy ◽  
Financial Institutions ◽  
Policy Research ◽  
The State ◽  
Global Trade ◽  
Election Campaign ◽  
International Financial Institutions ◽  
Content Type

Subject Protectionism in the G20. Significance Earlier in July the Centre for Economic Policy Research released the 21st Global Trade Alert (GTA), “Will awe trump rules?”. It asks whether the shock and awe of Donald Trump’s inauguration as US president after a highly nationalistic and anti-trade election campaign has changed not only US protectionist dynamics, but also the state of play in the rest of the G20. Using a broader database than the WTO, the alert shows protectionist measures have risen worldwide since 2008, despite the pledges of G20 leaders to “fight protectionism”. The report also finds that US protectionism has increased this year. Impacts French President Emmanuel Macron has boosted the drive for global cooperation, but nationalism remains strong in many countries. Trump could use executive powers in a more sweeping fashion if he cannot deliver changes via legislation. US opposition to reforms of international financial institutions could reduce the momentum behind global cooperation. The WTO is reviewing several cases the previous US administration began against China -- extreme escalation could trigger US WTO withdrawal.

scholarly journals FINANCING OF PROJECTS OF CIVIL SOCIETY ORGANISATIONS BY DONOR FUNDS OF INTERNATIONAL FINANCIAL INSTITUTIONS

2021 ◽  
Vol 6 (1) ◽  
pp. 72-77
Author(s):  
Anhelina Levchenko
Keyword(s):  
Civil Society ◽  
World Bank ◽  
Financial Institutions ◽  
Financial Support ◽  
The State ◽  
Theory And Practice ◽  
International Financial Institutions ◽  
Civil Society Organisations ◽  
The World Bank ◽  
The World

In today’s world, each country has its own methods of financing civil society organisations (CSOs) and the peculiarities of the distribution of the financial burden between the state, private organisations, and donor funds of international financial institutions. Regulatory and institutional mechanisms of both national and global civil society organisations directly affect the funding potential of the state and its people. In addition, the state also plays an important role both in financing transnational activities and in facilitating or hindering the inflow of funds through the establishment of various tax regimes. In view of this, the study of CSOs funding by donor funds of international financial institutions (IFIs) is appropriate because civil society organisations are a necessary precondition for the establishment of a democratic world order. The article is devoted to the study of the main trends and aspects of interaction between international financial institutions and civil society organisations in terms of financial support of the latter. The author analyses the mechanisms of financing civil society organisations by the World Bank Group based on statistical information and research of international institutions. The article also examines the sectoral structure of projects and the regional structure of partners in the framework of the Global Partnership for Social Accountability (GPSA) as a fundamental financial mechanism of the World Bank. The author outlines the relationship between civil society organisations and the European Bank for Reconstruction and Development. The purpose of the article is to study and analyse the financial mechanisms of the World Bank as the main donor for the financial support of civil society organisations. Methodology. This study is based on the use of the methodological principle of unity of theory and practice. The methodological basis of the article includes the methods of quantitative and qualitative comparisons, analysis and synthesis, and systems-structural analysis.

INTERACTION OF THE NATIONAL ECONOMY OF UKRAINE WITH INTERNATIONAL CREDIT AND FINANCIAL ORGANIZATIONS

2017 ◽  
Author(s):  
Serhii Voitko ◽  
◽  
Yuliia Borodinova ◽  
Keyword(s):  
Financial Institutions ◽  
National Economy ◽  
Financial Support ◽  
Global Economy ◽  
Financial Sector ◽  
Negative Consequences ◽  
International Financial Institutions ◽  
The Future ◽  
International Credit

The article examines the interaction of the national economy of Ukraine with international credit and financial organizations, evaluates the positive and negative consequences and identifies possible areas for further cooperation. The role of international credit and financial organizations in the development of the global economy is analyzed. Today, international financial institutions have taken a leading place among institutions that provide financial support and contribute to the implementation of necessary reforms aimed at developing enterprises in various sectors of the economy and strengthening the country's financial sector as a whole. The importance of cooperation between Ukraine and international financial institutions for the development of the country's economy has been determined. The problems and directions of development of cooperation with leading credit and financial organizations in modern conditions are identified. Despite the presence of certain shortcomings, cooperation between Ukraine and international credit and financial organizations will continue in the future.

How Finance Colonised Aotearoa: A Concise Counter-History

2019 ◽  
Vol 7 ◽  
pp. 41
Author(s):  
Catherine Cumming
Keyword(s):  
Financial Institutions ◽  
The State ◽  
Colonial History ◽  
Financial Instruments ◽  
Financial History ◽  
Early Colonial ◽  
History Of

This paper intervenes in orthodox under-standings of Aotearoa New Zealand’s colonial history to elucidate another history that is not widely recognised. This is a financial history of colonisation which, while implicit in existing accounts, is peripheral and often incidental to the central narrative. Undertaking to reread Aotearoa New Zealand’s early colonial history from 1839 to 1850, this paper seeks to render finance, financial instruments, and financial institutions explicit in their capacity as central agents of colonisation. In doing so, it offers a response to the relative inattention paid to finance as compared with the state in material practices of colonisation. The counter-history that this paper begins to elicit contains important lessons for counter-futures. For, beyond its implications for knowledge, the persistent and violent role of finance in the colonisation of Aotearoa has concrete implications for decolonial and anti-capitalist politics today.  

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