Does the IMF prioritize the interests of powerful countries?

Critics argue that the International Monetary Fund (IMF) prioritizes the interests of powerful countries over those of smaller and developing nations. These criticisms often point to the conditions attached to IMF loans and structural adjustment programs, which require developing countries to implement economic policies that align with the interests of Western nations and multinational corporations. Furthermore, some argue that the IMF’s decision-making process privileges the voices of powerful countries, as they hold greater voting power and influence within the organization. Despite these criticisms, the IMF asserts that it operates as a neutral and impartial institution, dedicated to promoting global economic stability and growth.

This mind map was published on 2 June 2023 and has been viewed 77 times.