Show Summary Details

Updated on 20 November 2017. The previous version of this content can be found here.
Page of

PRINTED FROM the OXFORD RESEARCH ENCYCLOPEDIA, INTERNATIONAL STUDIES (internationalstudies.oxfordre.com). (c) Oxford University Press USA, 2017. All Rights Reserved. Personal use only; commercial use is strictly prohibited (for details see Privacy Policy and Legal Notice).

date: 22 October 2018

Summary and Keywords

The international financial institutions (IFIs) have adapted and changed their policies over time to focus on global justice and poverty alleviation. This evolution is explored, with close attention to the role of political economy scholars and international events that increased the pressure on the IFIs to change their policies. Events such as the failure of structural adjustment policies, and the increasing role of nongovernmental organizations after the end of the Cold War were strong forces advocating for both debt relief policies and efforts designed to alleviate poverty. Problems surrounding the deadline for the Millennium Development Goals in 2015 and the increased role of the IFIs during the 2008 global financial crisis are also discussed.

Keywords: International Financial Institutions, global justice, poverty alleviation, political economy, nongovernmental organizations, Millennium Development Goals, 2008 Global Financial Crisis, poverty reduction strategies

Access to the complete content on Oxford Research Encyclopedia of International Studies requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription. If you are a student or academic complete our librarian recommendation form to recommend the Oxford Research Encyclopedias to your librarians for an institutional free trial.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can't find the answer there, please contact us.