'Open for Business': International Financial Institutions, Post-Conflict Economic Reform and the Rule of Law
70 Pages Posted: 24 Sep 2006
What practices should international institutions adopt to promote economic development, peace and stability in post-conflict zones? The United Nations, the World Bank, and the International Monetary Fund amongst other such institutions have a common answer: practices that promote marketization and the Rule of Law. This article examples the relationship between the Security Council and the IFIs in the promotion of the rule of law in post-conflict situations, in order to assess the tension between IFI independence and the supremacy of Chapter VII resolutions. It also examines the development of IFI post-conflict policies generally, and the constitutional doctrines used to justify the expansion into international peace and security.
Keywords: IMF, World Bank, UN Security Council, economic reconstruction, Occuption of Iraq, Implied Powers, Trusteeship, Rule of Law, Post-Conflict
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