Stuffing New Wine into Old Bottles: The Troubling Case of the IMF

31 Pages Posted: 16 Oct 2001  

Daniel Bradlow

University of Pretoria - Centre for Human Rights; American University - Washington College of Law

Abstract

This article argues that the IMF is failing to adequately fulfill its mandate because its decision-making structure and procedures have not adapted to its changing functions and role in the global economy. This results in poor policy decisions and causes distortions in the IMF's relations with its member states, non-state actors, and with other international organizations. It also causes problems with some of the IMF's interpretations of its articles. The article also proposes a set of short, medium and long term reforms that, if adopted by the IMF, would make its decision-making procedures more compatible with its current functions and changed relations with its member states, non-state actors and other international organizations. They would also result in improved policy decisions.

JEL Classification: F3

Suggested Citation

Bradlow, Daniel, Stuffing New Wine into Old Bottles: The Troubling Case of the IMF. Journal of International Banking Regulation, Vol. 3, No. 1, pp. 9-36, August 2001. Available at SSRN: https://ssrn.com/abstract=283288 or http://dx.doi.org/10.2139/ssrn.283288

Daniel David Bradlow (Contact Author)

University of Pretoria - Centre for Human Rights ( email )

Private Bag X20
Hatfield 0028
Pretoria
South Africa

American University - Washington College of Law ( email )

International Legal Studies Program
4801 Massachusetts Avenue N.W.
Washington, DC 20016
United States
202-274-4205 (Phone)
202-274-4116 (Fax)

HOME PAGE: http://www.wcl.american.edu/faculty/bradlow/index.

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