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hal.structure.identifierEconomiX [EconomiX]
dc.contributor.authorSINDZINGRE, Alice Nicole
dc.date.conference2015
dc.description.abstractEnConditionalities – i.e. ‘exchanging finance for policy reform’ in an asymmetrical relationship between the ‘donor’ and the ‘recipient’ – are central mechanisms of the reform programmes of international financial institutions (IFIs). As they are imposed by outside entities, they can also be viewed as ‘policy externalisation’, which is paradoxically a massive intrusion in the shaping of a country’s domestic policies. The resilience of such devices is remarkable, however. Indeed, in the early 1980s, many developing countries were facing balance of payments difficulties and called upon these international financial institutions for financial relief. In exchange for this relief, they devised economic reforms (fiscal, financial, monetary), which were the conditions for their lending. These reforms were not associated with better economic performance, and this led the IFIs to devise in the 1990s different reforms, which this time targeted the functioning of the government and its ‘governance’, economic problems being explained by governments’ characteristics (e.g., rent-seekers). The paper demonstrates the limitations of the device of conditionality, which is a crucial theoretical and policy issue given its stability across time and countries. These limitations stem from: i) the concept of conditionality per se - the mechanism of exchanging finance for reform; ii) the contents of the prescribed reforms given developing countries economic structure (typically commodity-based export structures) and the weakness of the concept of ‘governance’ in view of these countries’ political economies; and iii) the intrinsic linkages between economic and political conditionalities, whose limitations thus retroact on each other, in particular regarding effectiveness and credibility.
dc.language.isoen
dc.subject.enConditionality
dc.subject.enconditional lending
dc.subject.enInternational Financial Institutions
dc.subject.endeveloping countries
dc.title.en‘Policy Externalisation’ Inherent Failure: International Financial Institutions’ Conditionality in Developing Countries
dc.typeCommunication dans un congrès
dc.subject.halSciences de l'Homme et Société/Economies et finances
bordeaux.countryZZ
bordeaux.conference.cityLyon
bordeaux.peerReviewedoui
hal.identifierhal-01668363
hal.version1
hal.invitednon
hal.proceedingsnon
hal.popularnon
hal.audienceNon spécifiée
hal.origin.linkhttps://hal.archives-ouvertes.fr//hal-01668363v1
bordeaux.COinSctx_ver=Z39.88-2004&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.au=SINDZINGRE,%20Alice%20Nicole&rft.genre=unknown


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