Financial Institutions
Dodgy Institutions: The World Bank and IMF!
Insitutions with strings attached
Bin the BankDDCI believes the practice of economic policy conditionality in the international institutions (IFIs) World Bank and IMF has deeply undermined the soverign, independent decision making power of Southern governments. DDCI's overarching concern about the entrenched and inappropriate level of power and influence of the IFIs in Southern government policy formulation.
It is clear that the main block to achieving progress on conditionality policy is not lack of information but lack of political will within the IFIs and among their members to reduce the power of the institutions. DDCI is commited to continuing to oppose the undue influence of the IFIs in the Global South.
No Democracy at the World Bank and IMF
Power to the PoorDDCI challenges the undemocratic and Northern dominated governance structures of the World Bank and IMF. Recent opportunities to reform the leadership selection at the World Bank and IMF have been ignored by Irish and European governments. Traditional responses by rich members of the institutions are restricted to tinkering around the margins of governance reform.