What's Wrong With the IMF and How to Fix It [Paperback]

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.

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