International Financial Institutions

International Financial Institutions, or IFIs, are financial institutions established by more than one country and supposedly subject to international law. Most were established after World War II to maintain US and European economic supremacy through the management of the global financial system. However, most recognizable IFIs like the World Bank and IMF have drastic affects on nations' economies.

Most notably, IFI's Structural Adjustments Programs often have demolished the economic sustainability, social services, and sovereignty of client states while bolstering wealthy transnational corporations.

Keywords: IMF, World Bank, IDB, structural adjustment, hegemony, transnational corporations


Extra: audio link - Confessions of an Economic Hit Man