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Source OECD iLibrary
Content type Text
Publisher OECD Publishing
Language English
Subject Domain (in DDC) Social sciences ♦ Economics ♦ Financial economics ♦ Microeconomics & related topics
Subject Keyword Finance and Investment ♦ Development
Abstract Part of the debate here might in any case be surpassed by events. As noted in the introduction to this study, prior to the crisis de facto power to impose conditionality via the IFIs, the custodians of the current international system of conditionality, had very much waned. The IMF in particular had seen its role very much diminished, by a combination of high commodity prices and extremely low market interest rates, giving many developing countries a degree of financial autonomy that they had not enjoyed in generations. The World Bank too had been embroiled by internal governance problems and saw the demand for its finance curtailed.
Learning Resource Type Chapter
Publisher Date 2009-08-26
Organization OECD
Page Count 4
Starting Page 73
Ending Page 76


Source: OECD iLibrary