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Decision-Making in the International Monetary Fund: Implications for Sovereign Equality of States
Journal of Legal Studies ( IF 0.9 ) Pub Date : 2019-06-01 , DOI: 10.2478/jles-2019-0004
Alex Ansong 1
Affiliation  

Abstract The International Monetary Fund (IMF) is one of the post-Second World War international organizations set up to promote good international economic cooperation among states. Unlike international organizations like the United Nations (UN) and the World Trade Organization (which succeeded the General Agreement on Tariff and Trade 1947), decision-making in the IMF is quite peculiar in that it is based on the joint stock company model where the value of shares determine the value of a member’s vote. Thus the principle of sovereign equality of states that underpins the one-member-one-vote system in the UN and WTO is absent in the IMF. This paper discusses the various decisionmaking organs in the IMF and concludes with a discussion on the sovereignty implications of the use of IMF conditionalities in the giving of loans, especially to developing countries.

中文翻译:

国际货币基金组织的决策:对国家主权平等的影响

摘要国际货币基金组织(IMF)是第二次世界大战后成立的旨在促进国家之间良好国际经济合作的国际组织之一。与联合国(UN)和世界贸易组织(继1947年关税和贸易总协定的后继组织)之类的国际组织不同,IMF的决策很独特,因为它基于股份公司模型,股份价值决定成员投票的价值。因此,在国际货币基金组织中缺乏联合国和世贸组织一人一票制所依据的国家主权平等原则。本文讨论了国际货币基金组织中的各个决策机构,并在讨论中总结了在发放贷款时使用国际货币基金组织的条件性对主权的影响,
更新日期:2019-06-01
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