Since the recent international crises, the role and significance of
international financial institutions (IFI) have been challenged. Some
have argued that global financial institutions are inadequate and
inefficient in performing their missions, and may be replaced by modern
institutions with inclusive governance and a goal-focused approach.
International Financial Institutions and Their Challenges analyzes the
claimed purposes of IFIs and their failures, and proposes solutions for
the future. This comprehensive account is the first book of its kind to
give readers an exhaustive overview of key IFI's from the International
Monetary Fund to the Islamic Development Bank. By encouraging readers to
think outside the box, Lessambo enhances the current and future debates
on IFIs. The book brings readers to the real challenges of international
finance, and appeals to scholars in economics, finance, international
studies, government studies, law, and political science, as well as
professionals in finance, development experts, and employees at NGOs.