Developing countries in financial difficulties routinely enter into arrangements with the International Monetary Fund (IMF). Such arrangements reduce the economic sovereignty of the developing country markedly. This paper analyses this reduction in sovereignty and seeks to assess whether it is warranted given the IMF’s performance in the past 15 years and the proven capacity of some developing countries in policy development and implementation. It concludes by considering ways forward for the IMF.
Date of this Version
Ross P. Buckley, "Re-envisioning Economic Sovereignty: Developing Countries and the International Monetary Fund" (April 2007). University of New South Wales Faculty of Law Research Series. Working Paper 24.