The thesis of this chapter is that, despite all the governance changes that the IFIs have undergone, they still do not have adequate governance arrangements and will need to undergo further reform if they are to perform their mandates effectively. In order to establish this thesis, this chapter...

The paper proposes a new approache to managing distressed African sovereign bonds denominated in foreign currency and governed by foreign law. It argues that the stakeholders in such debtIn should seek to disrupt inter-creditor dynamics and create incentives for bondholders to be more open to...

This paper is a contribution to a book on exploring how hard and soft international law are used in advocating for social change. It focuses on the two sets of international standards that are applicable to international finance. The first are the international financial regulatory standards...

It is a rare privilege for an academic who has specialized in international economic institutions to get a chance to put what he researched into practice. I had this privilege when I became the first head of the South African Reserve Bank's (SARB) new International Economic Relations and Policy...

There is a need for the countries of Southern Africa to invest in building infrastructure, for which purpose they can be expected to utilise the services of multilateral development banks (MDBs). MDB-funded infrastructure projects often become arenas for debate over the roles and...

This Article considers whether the IFIs should play a role in the implementation and enforcement of international humanitarian law. It consists of 6 parts. Part I is a short introduction to the topic. Part II is a brief overview of the structure and functions of the IFIs. Part III describes the...

This paper's hypothesis is that the international standard setting bodies (SSBs) could improve the quality of their international standards by incorporating a human rights analysis. It focuses on five SSBs and seven of their international standards and its findings include the following: First,...

Globalization and information and communication technologies pushed national financial regulators to establish international standard setting bodies (SSBs) which promote non-binding international financial regulatory standards. However, finance inevitably has social and human rights impacts and...

This article provides background on the establishment of the World Bank Inspection Panel and discusses its significance. It argues that the Panel is an important international legal development for three reasons. First, it is the first forum in which private actors can hold an international...