IMF World Bank

The World Bank (the Bank) and the International Monetary Fund (IMF or the Fund) are now regularly criticized for being unaccountable and ineffective. This article attempts to dissect the way of the Fund and the Bank to form the policy in economic context at international level, to explain its flaws and influences in many developing countries. Firstly examine the conditions that the Bank and the Fund attach to the recipient countries of their loans and financial aid. Then discusse the role of the Bank and the Fund in global economic policy making, particularly in privatization and liberalization policy. Next summarizes unfavorable consequences of such one-heal-all privatization and liberalization policy. The conclusion suggests that many conditionality, neither necessary nor desirable for the receiptors, should be diminished.

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