The World Bank Group, the IMF and Human Rights

A Contextualised Way Forward

By Willem van Genugten

The World Bank Group and the International Monetary Fund (IMF) are under substantial pressure to accept more accountability under international human rights law. This book sets out the standards by which these international financial institutions are bound under international human rights law as it currently stands. Human rights law is 'living law' and has changed over time, as have international financial institutions, despite their sometimes static approach to their own mandates. However, the World Bank Group and the IMF are both starting to recognize, more and more, the relevance of human rights to the fulfillment of their respective mandates, even if they still maintain, be it to different degrees, that international human rights law is only partly applicable to them. The book argues that this position is no longer tenable and that human rights law does in fact apply to both international financial institutions. The book also includes the Guiding Principles on the World Bank Group, the International Monetary Fund and Human Rights. [Subject: International Law, Human Rights Law, Finance Law, Banking Law]

Publication Date: 3/31/2015
Format: Paper
ISBN: 9781780682969