After 1976 the IMF became an organisation that engaged with member states on a differentiated basis. Unfortunately, given the weighted voting arrangements in the IMF, this differentiation also meant that the states with the dominant voice in the organisation did not depend on its services. Consequently, they could place demands on it without worrying about being accountable to those who would be most affected by their decisions.
AuthorDanny Bradlow
Danny Bradlow is SARCHI Professor of International Development Law and African Economic Relations, University of Pretoria. His areas of expertise are the law and policy aspects of global economic governance, international development law, international economic and financial law.