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Overview: Historical Development of International Financial Institutions, Development Assistance and Conceptual Issues

In: The Governance Structures of the Bretton Woods Financial Institutions

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  • Ahmed Naciri

    (University of Quebec at Montreal)

Abstract

Although Bretton Woods Financial Institutions (BWFIs) and the global fight against poverty programs play an extremely impacting role at the international financial environment and their action covers the entire spectrum of development finance and proves to be one of the main sources of world development assistance, there is, among the general public, insufficient in-depth knowledge about them. Consequently, there is, an increasing demand for improvement of their transparency and governance. It is commonly believed that, as global public institutions and development assistance administrators, BWFIs ought to be accountable to the world public and should act in its common welfare. The governance track record of BWFIs may, however, seem far from perfect (Bank watch network), This book studies the governance of BWFIs and global assistance programs, only to conclude that the problem appears to be neither solely with the governance of BWFIs nor solely with the quality of development assistance programs; rather, the problem seems to be with the way these marvellous creations of the 1940s are managed and poor countries are governed.

Suggested Citation

  • Ahmed Naciri, 2018. "Overview: Historical Development of International Financial Institutions, Development Assistance and Conceptual Issues," SpringerBriefs in Economics, in: The Governance Structures of the Bretton Woods Financial Institutions, chapter 0, pages 1-12, Springer.
    • Handle: RePEc:spr:spbchp:978-3-319-97906-9_1
    DOI: 10.1007/978-3-319-97906-9_1
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