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Navigating the Complexities of the IMF's Role. A Critical Legal and Ethical Analysis

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Book Details
Language
English
Publishers
GRIN Verlag (22 Feb. 2024)
Weight
0.05 KG
Publication Date
22/02/2024
ISBN-10
3963558083
Pages
24 pages
ISBN-13
9783963558085
Dimensions
14.81 x 0.15 x 21.01 cm
SKU
9783963558085
Author Name
Ahmad Swaiss (Author)
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Essay from the year 2024 in the subject Law - Miscellaneous, grade: -, , language: English, abstract: This article delves into the International Monetary Fund's (IMF) evolving role in the global financial system, analyzing its impact through a legal Len. It highlights key areas of concern, including the balance between financial stability and national sovereignty, the effectiveness and fairness of loan conditionality, and the need for greater transparency and accountability.

The article proposes concrete reforms to ensure the IMF operates ethically and responsibly, adhering to its legal obligations and upholding ethical principles. These reforms include strengthening legal frameworks, enhancing independent review mechanisms, promoting participatory decision-making, and focusing on systemic solutions that prioritize human rights, sustainable development, and social justice.

By embracing inclusivity, transparency, and ethical considerations, the IMF can become a force for good in addressing the complex challenges of our time. The article concludes with a call to action, urging stakeholders from governments and civil society to academics and the private sector to work collectively to hold the IMF accountable and advocate for a more just and equitable global financial system.

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