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International Law and International Organizations
Reference:

Shugurov, M.V. Bretton-Wood institutions (the World Bank and the International Monetary Fund): reforms within the framework of post-Washington consensus.

Abstract: The article includes a systemic analysis of the process of reformation of the IMF and the World Bank in 2008 – 2011. The author views the international legal bases for the broadening scope of mandate of the Bretton-Wood institutions. Much attention is paid to the issue of the ability of the Fund and the Bank to be key international legal subjects of fair and responsible globalization. Based on a vast variety of analytical data the author gives preliminary results of the reforms for the IMF and analyzes the future steps on their greater legitimacy and efficiency, stable global development.


Keywords:

international law, globalization, crisis, finances, development, reforms, supranational, poverty, legitimacy, innovations


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