Aim to: Preserve Economic Stability Tackle/Prevent fiscal crises Mechanism of consensus forming Conceived at Bretton Woods in 1944 The IMF is funded by a charge paid by member states lender of last resort Criticised for Forcing the implementation of austerity Undermining the sovereignty of poor states Marco-economic adjustment Being too interventionist Propping up dictatorships

Aim to: Support LEDCs fiscally Mechanism of consensus forming Conceived at Bretton Woods in 1944 The World Bank is funded by a charge paid by member states and bond assurances Loans to LEDCs for capital projects Criticised for Forcing the implementation of austerity Ignoring the environmental and social impact of projects it supports Causing high debt for LEDCS

Aim to: police free trade agreements, settle trade disputes between governments organise trade negotiations. Replaced GATT In 1995 International Trade Regulator Criticised for Forcing the implementation of austerity Cause high debt for LEDCS the only international agency overseeing the rules of international trade. Undermining the sovereignty of poor states Being run by the rich for the rich WTO lacks democratic accountability

founded in 1999 for finance ministers and central bankers International forum for Leaders Criticised for Forcing the implementation of austerity Cause high debt for LEDCS Undermining the sovereignty of poor states Being run by the rich for the rich WTO lacks democratic accountability G20 Together, G20 member countries represent two thirds of the world's population,