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IMF, World Bank & Trade

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The failure of the IMF, World Bank and WTO to represent and further the interests of the developing world, through their one-size-fits-all approach, has lead to the collapse of trade negations, widespread criticism of their effectiveness, and bitter international protest. Many countries are rejecting the neoliberal ideologies of the ‘unholy trinity’ with intensifying calls for their reform or decommissioning.

Latest Articles

The IMF and Capital Controls: The End of an Era?

In February 2010, the IMF reversed its long-held position on capital controls by admitting that they constitute a “legitimate component” of the policymakers’ toolkit. Is this a sign of waning Fund support for uncontrolled finance?

Free Trade Crippling Food Production in Africa

The push for trade liberalisation by the World Bank and IMF has contributed to increases in poverty and food insecurity in many African countries, finds a study published by the Proceedings of the National Academy of Sciences.

IMF: Rethinking Macroeconomic Policy

A paper, co-authored by the IMF’s chief economist, has admitted that orthodox macroeconomic policies may have exacerbated the recent financial crisis. Will the Fund now move away from its traditional insistence on low inflation at any social cost?

IMF Economic Policies Under Fire

In a changing political climate, the IMF is looking towards reforming its governance and mandate. The UN and other commentators insist that it must fundamentally rethink the monetary and fiscal policies it demands of borrowers as well, says the Bretton Woods Project.

Is Fair Trade Coffee Really Fair?

The Fair Trade movement represents one attempt to ensure that producers in the developing world are protected from the exploitative tendencies of the free market. But does certification actually guarantee a better outcome for growers, or is it merely a marketing tool, asks Jill Richardson.

Rethinking Trade Policy for Development: Lessons From NAFTA

Mexico’s experience with NAFTA underscores the need to reform international trade agreements. Governments must shape new policies that respect the right to development and protect the environment, says a report by the Carnegie Endowment for International Peace.

The World Bank: Fostering Impunity or Accountability?

In response to the global economic downturn, the World Bank has prioritised middle-income nations over the poorest countries and ignored the key social and environmental outcomes of its financing, finds a report the Heinrich Böll Foundation.  

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