The Group of 24 Southern countries published a research paper on ‘Governance-related conditionalities of the International Financial Institutions’. It questions whether the IFIs have the mandate, the comparative advantage and the competency to justify imposing governance-related conditionalities. It raises concerns that IMF and World Bank country strategy papers are often full of faddish ideas, not realistic priorities. The failure to acknowledge external factors including lack of transparency at the institutions themselves will be major barriers to improvement.
The World Bank and the State, briefing by Bretton Woods Project