Controlling the World Bank and IMF Shareholders, Stakeholders, and the Politics of Concessional Lending

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  • Format: Hardcover
  • Copyright: 2013-06-03
  • Publisher: Palgrave Macmillan

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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.

Author Biography

Liam Clegg is Lecturer in International Relations at the University of York, UK, where he previously held an Economic and Social Research Council Postdoctoral Research Fellowship. Previously, Liam was a Visiting Research Fellow at American University, USA, and at the American Political Science Association Centennial Centre, USA, where he carried out his research into the World Bank and IMF's concessional lending activities. Liam has had work exploring these areas published in a range of journals, including New Political Economy and Review of International Organizations.

Table of Contents

1. Introduction
2. Shareholder Control and the Rise of Poverty Reduction at the World Bank
3. Shareholder Conflicts and the Rise of Social Spending at the IMF
4. The World Bank and the Reconstruction of Stakeholder Engagement
5. Apolitical Economy and the Limits to Stakeholder Engagement at the IMF
6. Conclusion

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