What′s Wrong With the IMF and How to Fix It

B Momani, Mark R. Hibben

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English

Polity Press
03 November 2017

International institutions; International finance

The IMF stands at a crossroad. Derided as increasingly irrelevant in the first decade of the new millennium, the Fund has had its power and prestige restored by the fallout from the 2008 global financial crisis. But will the resurgent IMF assert a more just and sustainable macroeconomic model and provide a voice for poor and marginalized people around the globe? Or will enduring weaknesses within the IMF mean it fails to address these issues?

In this book, Bessma Momani and Mark R. Hibben dissect the variables and institutional dynamics at play in IMF governance, surveillance, lending, and capacity development to expose the fundamental barriers to change. Identifying four areas that could “fix” the IMF, they show how these genuine and workable solutions can give the IMF the effectiveness and legitimacy it needs to positively shape twenty-first-century global governance and push back against volatile and regressive forces in the international political economy.

By: B Momani, Mark R. Hibben
Imprint: Polity Press
Country of Publication: United Kingdom
Dimensions: Height: 209mm, Width: 153mm, Spine: 22mm
Weight: 386g
ISBN: 9781509509676
ISBN 10: 1509509674
Pages: 256
Publication Date: 03 November 2017
Audience: College/higher education , Professional and scholarly , A / AS level , Further / Higher Education
Format: Paperback
Publisher's Status: Active

PREFACE LIST OF ABBREVIATIONS LIST OF FIGURES, TABLES, PLATES ACKNOWLEDGEMENTS DEDICATION PART 1: DIAGNOSING THE ILLS CHAPTER 1: WHAT IS WRONG WITH THE IMF? CHAPTER 2: GOVERNANCE AND DECISION-MAKING CHAPTER 3: SURVEILLANCE CHAPTER 4: LENDING AND CONDITIONALITY CHAPTER 5: CAPACITY DEVELOPMENT PART 2: FINDING A CURE CHAPTER 6 DEMOCRATIZE GOVERNANCE AND DECISION MAKING CHAPTER 7 DIVERSIFY THE IMF STAFF CHAPTER 8 COMMIT TO INCLUSIVE GROWTH CHAPTER 9 ENHANCE MULTILATERAL PARTNERSHIPS CHAPTER 10 CLOSING THE HYPOCRISY GAP REFERENCES INDEX

Bessma Momani is a Senior Fellow at the Centre for International Governance Innovation (CIGI) and a Professor of Political Science at the Balsillie School of International Affairs and the University of Waterloo. Mark Hibben is Assistant Professor of Political Science at Saint Joseph's College of Maine.

Reviews for What′s Wrong With the IMF and How to Fix It

"""This book draws upon the authors' broad experience to paint a portrait of an institution under challenge and highlights changes that could strengthen the IMF. It should be read by students, policy analysts and officials alike for its timely insights."" Thomas A. Bernes, Distinguished Fellow and former President, Centre for International Governance Innovation ""There are some problems no government can fix without cooperation. That's why the IMF is needed. This useful book sets out some of the critiques of the IMF along with ideas about reforms which could help the institution do better."" Ngaire Woods, University of Oxford"