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47 Exeter L. Rev. 7 (2022)
The IMF Loan Conditionalities and Neo-Colonialism: Understanding through the Third World Approach to International Law

handle is hein.journals/braclj47 and id is 7 raw text is: EXETER LAW REVIEW The IMF Loan Conditionalities and Neo-Colonialism: Understanding Through the Third World Approach to International Law Chloe Cain* INTRODUCTION T he International Monetary Fund (IMF) has a variety of functions within the global economy. Founded through the Bretton Woods Conference, it has provided financial assistance since 1944. Such financial assistance is achieved in numerous ways and has expanded to be far larger than when it was created. The IMF is now a well-established cornerstone of the global economy, meaning that it has a large influence not only on Member Countries but also the world at large. However since its formation, the IMF has come under criticism because of its lending practices. Their loans and, in particular, their conditionalities, can be seen to be restrictive and exerting western ideals onto states. At an extreme, the IMF can be understood to purport neo-colonialism. This is a common criticism of the IMF and therefore presents a challenge to its operation and reputation. The literature in this area of the IMF and TWAIL is limited to few scholars within TWAIL II as whilst they do discuss Bretton Woods Institutes, they rarely go into depth on the IMF in particular. Therefore, throughout this dissertation, it is important to widen research to primary sources such as IMF reports, as well as a discussion on individual case studies in both political and economic * LLB Exon (Hons). 7 2022 Volume 47

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