Conditionality, coercion and other forms of 'power': international financial institutions in the Pacific
Conditionality Recent relationships between Papua New Guinea (PNG), the International Monetary Fund (IMF), and the World Bank have been stormy. At various points in the loan negotiations students rioted, the Prime Minister told the World Bank to ‘go to hell’, and the World Bank’s chief negotiator defected to the PNG side. He was later jailed. The relationship between the Asian Development Bank (ADB) and its South Pacific clients were also sometimes uneasy, and led its Board of Directors to...[Show more]
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