scholarly journals Human Rights and Financial Institutions: Pinning the Responsibility

2013 ◽  
pp. 116-128
Author(s):  
Nidhi Modani
Keyword(s):  
Human Rights ◽  
World Bank ◽  
Financial Institutions ◽  
Developing Nations ◽  
Special Focus ◽  
International Financial Institutions ◽  
Human Right ◽  
The World Bank ◽  
The World ◽  
The International Monetary Fund

This paper is a study of the possible human right obligations of international financial institutions. As financial institutions have not been looked upon as agencies influencing or influenced by human rights, this study becomes significant. The study is limited to international financial institutions, with a special focus on the World Bank (hereinafter ‘Bank’) and the International Monetary Fund (hereinafter ‘Fund’ or ‘IMF’). 2 Further, there is a special focus on developing nations.3

scholarly journals Economic crisis impact on international financial institutions: The necessity for reforms

2013 ◽  
Vol 65 (2) ◽  
pp. 160-184
Author(s):  
Pero Petrovic ◽  
Zeljko Jovic
Keyword(s):  
Economic Crisis ◽  
World Bank ◽  
International Monetary Fund ◽  
Financial Institutions ◽  
World Bank Group ◽  
International Financial Institutions ◽  
The World Bank ◽  
The World ◽  
Bank Group ◽  
The International Monetary Fund

The emergence and deepening of the global economic crisis is reflected in large part on the functioning of international financial institutions and their current structure. The long-term financial crisis has placed demands for decisive reform moves in the functioning and structure of the IMF, the World Bank Group and other global and regional financial institutions. This means that so far, the results of their policies have been inadequate and that their role is subject to critical observation finding an efficient performance of financial markets. The crisis has imposed the need to reform international financial institutions and the new global financial architecture. Changes in structure and their functioning should lead to the global economic stability. Members of the Euro zone are faced with a new attitude towards the international financial institutions and the International Monetary Fund, in particular. The proclaimed missions of the International Monetary Fund and the World Bank are clearly separated in theory, but with the passing of time, their activities have become increasingly intertwined, so that they often include a name - international financial institutions.

The World Bank, the Monetary Fund, and Poverty

1994 ◽  
Vol 24 (3) ◽  
pp. 567-578 ◽  
Author(s):  
Horst Brand
Keyword(s):  
Developing Countries ◽  
Financial Markets ◽  
Interest Rates ◽  
World Bank ◽  
Financial Institutions ◽  
Debt Crisis ◽  
International Financial Institutions ◽  
The World Bank ◽  
The World ◽  
The International Monetary Fund

The debt crisis into which heavy borrowing, steeply rising interest rates, and a worldwide recession had plunged a number of developing countries in the late 1970s and 1980s was alleviated largely by policies and conditionalities imposed by the International Monetary Fund and the World Bank. These policies and conditions were meant to strengthen the export and financial markets of those countries, stabilize their currencies, and reduce the reach of their governments in their economies. However, they contributed to deepening poverty and structural crises, as the reports and data published by the international financial institutions themselves attest.

Poverty, Human Rights and the Quest for Sustainable Human Development in Structurally-Adjusted Uganda

2000 ◽  
Vol 18 (1) ◽  
pp. 23-44
Author(s):  
J. Oloka-Onyango
Keyword(s):  
Human Rights ◽  
World Bank ◽  
Political System ◽  
Economic Adjustment ◽  
Basic Principles ◽  
The World Bank ◽  
Sustainable Human Development ◽  
The World ◽  
Resistance Movement ◽  
The International Monetary Fund

In a bid to address the almost two decades of economic malaise and decline that Uganda had experienced in the 1970s and 1980s, Yoweri Museveni's National Resistance Movement adopted radical measures of economic adjustment under the tutelage of the World Bank and the International Monetary Fund. Although those measures resulted in significant economic growth – in GDP terms – this article argues that they failed to be conscious of basic principles of human rights relating to equality, non-discrimination and participation, and have consequently compounded the situation of poverty in the country. It further argues that the ‘non-party’ political system in existence further undermines the promotion and protection of fundamental human rights.

Resistance Is Futile – You Will Be Assimilated

2006 ◽  
Vol 19 (1) ◽  
pp. 259-274 ◽  
Author(s):  
SUSAN MATHEWS
Keyword(s):  
Human Rights ◽  
International Law ◽  
World Bank ◽  
International Human Rights Law ◽  
Human Rights Law ◽  
Cambridge University ◽  
The World Bank ◽  
The World ◽  
Light And Shadow ◽  
The International Monetary Fund

Sigrun Skogly, The Human Rights Obligations of the World Bank and the IMF, London, Cavendish Publishing, 2001, ISBN 1859416659, 240 pp., £71.50 (pb).Mac Darrow, Between Light and Shadow:The World Bank, the International Monetary Fund and International Human Rights Law, Oxford, Hart Publishing, 2003, ISBN 1841133906, 376 pp., £42.00.00 (hb).Balakrishnan Rajagopal, International Law from Below: Development, Social Movements and Third World Resistance, Cambridge, Cambridge University Press, 2003, ISBN 0521016711, 360 pp., £19.99 (pb).

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