Intricate interactions: the World Bank and the International Monetary Fund

Matthias Kranke

Chapter 15 in The Elgar Companion to the World Bank, 2024, pp 178-189 from Edward Elgar Publishing

Abstract: The World Bank and the International Monetary Fund feature among the most powerful contemporary international organizations. In light of their status, they have been extensively studied. Yet I claim in this chapter that while scholarly insights into the two organizations as separate entities are of impressive detail, we barely know how they interact. I identify this significant omission in the literature on the Bank and the Fund as a manifestation of a more general blind spot in global governance research, or what I refer to as the missing inter-organizational middle. This chapter therefore provides an overview of the largely unknown inter-organizational dynamics unfolding between these two well-known international organizations by focusing on the institutions for and key features of Bank-Fund collaboration. In doing so, I show that the institutional foundations of these interactions are socially constructed and thus highly contingent.

Keywords: Development Studies; Economics and Finance; Law - Academic; Politics and Public Policy (search for similar items in EconPapers)
Date: 2024
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