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2017 | OriginalPaper | Buchkapitel

27. Pushed Toward Partnership: Increasing Cooperation Between the Bretton Woods Bodies

verfasst von : Andreas Freytag, John J. Kirton

Erschienen in: Palgrave Handbook of Inter-Organizational Relations in World Politics

Verlag: Palgrave Macmillan UK

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Abstract

The International Monetary Fund (IMF) and the World Bank Group (WBG) have a history of coexistence, competition, and cooperation since their 1944 start. Yet their relationship has had many organizational failures and fewer clear successes. Mounting criticisms catalyzed the 2000 Meltzer Report, designed to redefine the relationship between these Bretton Woods twins to equip them to meet the new needs of the highly globalized world with new emerging powers and private source of finance. After the 2008 global financial crisis, the new Group of 20 (G20) summit restored the resources and reformed the governance of the IMF and WBG, joining them as equal partners working together in a common cause. Now they must find a way to complete their committed but uncomplied-with reforms to manage new risks in an intensely globalized world. This Handbook contribution traces the course and causes of IMF and WBG cooperation from 2000 to 2007 and from 2008 to 2014, the impact of the G20 on this cooperation, and key questions for future research.

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Titel: Pushed Toward Partnership: Increasing Cooperation Between the Bretton Woods Bodies
verfasst von: Andreas Freytag
John J. Kirton
Verlag: Palgrave Macmillan UK
Buch: Palgrave Handbook of Inter-Organizational Relations in World Politics
Print ISBN: 978-1-137-36038-0

Electronic ISBN: 978-1-137-36039-7

Copyright-Jahr: 2017
DOI: https://doi.org/10.1057/978-1-137-36039-7_27