Welche Rolle bleibt dem Internationalen Währungsfonds?
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Welche Rolle bleibt dem Internationalen Währungsfonds?
Vierteljahreshefte zur Arbeits- und Wirtschaftsforschung, Vol. 2 (2025), Iss. 2 : pp. 213–222
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Philipp Harms, Johannes Gutenberg-Universität Mainz
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Abstract
During the first two decades after the fall of the Iron Curtain in the early 1990s, the International Monetary Fund (IMF) played an important role in day-to-day economic policy, but also in the shaping of institutions in emerging and developing countries. First, this was due to the organization’s financial resources, which made it possible to link the prospect of concessional loans to the implementation of economic and institutional reforms. Moreover, after the collapse of the Soviet Union, there was no competing institution that would have allowed borrowers to avoid the IMF’s conditions. This has changed in recent years, and this article will examine whether Chinese loans to emerging and developing countries have increasingly replaced the IMF as a source of credit. On this basis, it will be discussed whether the IMF can still play the same role in the future as it did in the 1990s and 2000s.