IMF: The Global Sovereign Debt Manager

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Editor's Reflection: Chartered Institute of Development Finance

Development Finance Agenda, 2022, vol. 7, issue 2, 4-5

Abstract: The International Monetary Fund (IMF) was formally launched in 1945 with a membership of 29 countries and with a mandate to help reconstruct the international monetary systems. The establishment of IMF, soon after the second world war, was novel and necessary because the world needed to be rebuilt after almost 7 years of brutal war which devasted the global economy. However, since its formation, the Fund has attracted significant criticisms centred around the conditions attached to the loans offered to member countries. The Fund has also been heavily criticised for interfering in domestic politics of member countries and for supporting governments in countries with bad human rights record.

Date: 2022
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