The International Monetary Fund and World Bank in Africa: A “Disastrous” Record

Author(s):  
Demba Moussa Dembele
1994 ◽  
Vol 32 (4) ◽  
pp. 699-700 ◽  
Author(s):  
Bill Peters

With five years to go until 2000 is upon us the debt campaign is at present concentrating on two elements important for success. The first is capturing and extending what might be described as grass-roots interest: signs already have appeared of some sympathy with, and even support for, the campaign among economists, bankers, civil servants, diplomats, and politicians; discreet encouragement from the inner courts of the International Monetary Fund (IMF) and the World Bank has been recorded. The second is a change in the international, political, and intellectual climate to favour remission.


2014 ◽  
Vol 9 (4) ◽  
pp. 567-569
Author(s):  
M Breitenbach

In this timely book Richard Peet and his team lay the foundation with an excellent analysis of the process of globalisation and the resultant emergence of the global economy. The authors are especially critical of the increasing influence of institutions like the International Monetary Fund (IMF), World Bank and World Trade Organisation (WTO) on the economy and the consequences experienced by peoples, cultures and the environment. The single ideology of neo-liberalism is blamed for the undesirable outcomes. This book considers concepts of power, political interest, hegemony, discourse, responsibility and the power of practicality, in critically examining the IMF, World Bank and WTO. The conclusion is reached that “all three institutions play roles greatly different from those originally agreed to under the charters that set them up”.


Sign in / Sign up

Export Citation Format

Share Document