The World Bank Group, the IMF and human rights: about direct obligations and the attribution of unlawful conduct

2015 ◽  
pp. 44-68
Author(s):  
Willem van Genugten
Keyword(s):  
Human Rights ◽  
World Bank ◽  
World Bank Group ◽  
The World Bank ◽  
The World ◽  
Bank Group ◽  
Unlawful Conduct ◽  
The Imf

The World Bank: Human Rights, Democracy and Governance

1997 ◽  
Vol 15 (1) ◽  
pp. 21-45 ◽  
Author(s):  
Nicholas H. Moller
Keyword(s):  
Human Rights ◽  
World Bank ◽  
Poverty Reduction ◽  
World Bank Group ◽  
Democratic Values ◽  
The World Bank ◽  
The World ◽  
Alternative Means ◽  
Democratic Principles ◽  
Bank Group

The World Bank group has been criticised by a wide variety of groups over the years for its failure to adequately take into account human rights and democratic principles. Recently, the Bank has started to widen the scope of its activities so that now the Bank is involved in projects concerned with such disparate issues as the environment, poverty reduction and women in development. This paper focuses on one of the new Bank concerns, governance, and examines the prospects it holds for ensuring that the Bank and its borrower-countries respect human rights and democratic values. It then reviews the responses governance has received and suggests alternative means that may more effectively ensure that the Bank takes into account such values. Finally, the paper proposes a new test, based on Article 21 of the Universal Declaration of Human Rights, to be applied to potential borrowers and the test is applied to Burma.

scholarly journals POST-SOVIET ROOTS OF UKRAINE’S INTERNATIONAL FINANCIAL PROBLEMS

2017 ◽  
pp. 444-458
Author(s):  
Borys Soboliev
Keyword(s):  
World Bank ◽  
World Bank Group ◽  
Financial Problems ◽  
Public Finances ◽  
The Core ◽  
The World Bank ◽  
The World ◽  
Bank Group ◽  
The Imf

Ukraine has inherited a whole array of international financial problems from the USSR. The USSR problems with public finances were transmitted to all states-successors, Ukraine included. Joint and several liabilities for the successors failed under the «0 option» solution which had deprived successor’s states of all liquid assets conquered by Russia. Ukraine had nothing to do with the collapse of the Ruble zone because Ukraine had been made by Russia to leave that zone. The Paris and London clubs of creditors have nudged Ukraine into the Breton Woods institutions. 25 years of 6 various programs with the IMF and the World Bank Group have not yet produced an anticipated effect. The committed billions in fact were disbursed up to 30-40%%. The author put some efforts to investigate the core reasons.

scholarly journals BRICS Countries: Participation in the Governance Reform of the International Monetary Fund and the World Bank Group. What are the Results?

2019 ◽  
Vol 12 (3) ◽  
pp. 58-67
Author(s):  
L. N. Krasavina
Keyword(s):  
World Bank ◽  
World Bank Group ◽  
Governance Reform ◽  
Brics Countries ◽  
The World Bank ◽  
The World ◽  
Bank Group ◽  
The International Monetary Fund ◽  
The Imf

The article analyzes the BRICS countries’ participation in the management reform of the International Monetary Fund and the World Bank Group as an institutional framework of the Jamaica Monetary System (Jamaica Plan 1976). As the novelty of the study, the author considers this problem in the context of the transition from interstate regulation to global financial and economic regulation. The definition proposed by the author (broader than the term “global financial regulation”) is due to a new assessment of the financial risks. The article substantiates the participation of the BRICS countries (as well as all members of the IMF and the World Bank) in the reform and the interest in the relative stabilization of the world economy and Finance. The author grounded the assessment of the group of 20 (G20) as the initiator of this reform in the context of the global crisis and the gradual weakening of the control of the implementation of the recommendations of the summits. Based on the position of the G20 on an integrated analysis of the role of the Bretton Woods institutions in the Jamaica Plan 1976, the author gave a comparative description of the relationship of their functions and role in the functioning of the two global currency systems over 70 years. The author made conclusions about the effectiveness of the BRICS countries’ participation in the IMF and the World Bank Group governance reform regarding the increase of their share in quotas and votes, and their representation in the form of appointment of their own Executive Director to the IMF Executive Board. It has been revealed the negative impact of the transformation of the role of these institutions in the global financial and economic regulators in connection with the introduction of integrated currency supervision over the preparation and use of the sovereign currency reserves of the countries. Summing up, the author formulated proposals for further strengthening the positions of the BRICS countries in the management of the IMF and the World Bank on the basis of improving the new formula for calculating quotas introduced in 2008.

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