What is the role of international financial institutions in global politics? 🔊
International financial institutions (IFIs) play a significant role in global politics by providing financial assistance, policy advice, and technical support to countries. They influence economic stability and development through loans and grants, often tied to specific reforms aimed at enhancing governance and reducing corruption. Their involvement shapes international economic policies and can affect relations between nations. However, the conditionalities attached to their assistance can create dependence and raise concerns about sovereignty, provoking debates on the balance between aid and autonomy.
Equestions.com Team – Verified by subject-matter experts