With the concessional lending operations of the World Bank and IMF
having expanded dramatically in the aftermath of the Global
Financial Crisis, Liam Clegg provides a timely analysis of the
institutional dynamics shaping this aspect of the institutions'
operations. Drawn from staffs' own understandings of their
operational environments, the volume explores the dynamics of power
surrounding these activities. As shareholder states continue to
push the institutions to demonstrate their effective contribution
to global poverty reduction, they alter the opportunities available
for a range of stakeholders to shape operational practice in these
key arenas of global economic governance. By demonstrating that
current developments are serving to tilt the balance in the
'asymmetric accommodation' between shareholders and stakeholders
towards the former, the author highlights some of the most
controversial areas of World Bank and IMF operations.
General
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