Overview

The International Monetary Fund (IMF) is a pivotal institution in global economic governance tasked with ensuring monetary stability and preventing financial crises through promoting balanced trade, economic growth, and poverty reduction. It also plays a powerful normative role by shaping economic policies worldwide through its research and expertise. The IMF played a crucial role in managing crises like the 2008 financial crisis and the COVID-19 pandemic, providing significant financial aid and advocating for stimulus measures. However, the IMF faces both internal and external challenges from reforming its governance structure to better represent emerging economies to finding its place in a world increasingly defying liberal internationalism and multilateralism. Despite reforms, power remains concentrated among advanced economies, hindering inclusivity and trust, particularly in regions like sub-Saharan Africa. Geopolitical tensions, populist nationalism, and economic imbalances further strain the IMF's effectiveness. This handbook aims to uncover these challenges by providing diverse perspectives and proposing policy recommendations that the Fund could undertake to better navigate the complex landscape of twenty-first-century global governance.

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Bessma Momani is Associate Vice-President, International and Full Professor in the Department of Political Science at the University of Waterloo. Bessma Momani is Associate Vice-President, International and Full Professor in the Department of Political Science at the University of Waterloo. Mark Hibben is associate professor of political science at Saint Joseph's College of Maine. His research interests include the politics of development, with a specific focus on the International Monetary Fund and World Bank. Mark Hibben is associate professor of political science at Saint Joseph's College of Maine. His research interests include the politics of development, with a specific focus on the International Monetary Fund and World Bank. Keval Shah started his voice acting journey in the remote plains of East Africa before moving to the UK. A professionally trained actor with a facility for accents, Keval uses his Indian/British/Ugandan cultural mix to bring diverse performances to his projects. Keval Shah started his voice acting journey in the remote plains of East Africa before moving to the UK. A professionally trained actor with a facility for accents, Keval uses his Indian/British/Ugandan cultural mix to bring diverse performances to his projects.

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