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The International Monetary Fund is one of the most central features of the international financial system and of the response of the international community to countries in crisis. It has been described as one of the enforcers of globalization. Together with the World Bank, it is one of the Bretton Woods institutions and as such has been identified with the so-called Washington Consensus. It has been the subject of extensive criticism (What are the main concerns and criticism about the World Bank and IMF? Bretton Woods project, 2005; Noam Chomsky, IMF and World Bank: Tools of the Neoliberal Onslaught, 2000). Critics have notably been apprehensive of its role in shaping the development discourse.
These concerns have been usefully framed by the much-cited call by UNICEF for structural adjustment "with a human face" to complement the prescriptions of the IMF (UNICEF, Development with a Human Face, 1997).
The criminal charges in 2011, including sexual violence, against Dominique Strauss-Kahn ("DSK"), Managing Director of the IMF, have ironically given a very "human face" to the IMF itself. These follow a pattern of allegations of sexual misconduct in his case, widely known to journalists and politicians who have felt constrained to avoid public mention of the matter. The nature of the violence might also be interpreted as offering a human-scale exemplification of "structural adjustment" as imposed on vulnerable parties.
The question explored here is whether there are useful parallels to be recognized between the strategic policies pursued by the IMF over the years -- both publicly and discretely -- and those exemplified by the behaviour of its Managing Director, again both publicly and privately. Any such parallels would be especially noteworthy to the extent that they reflect the unchallenged attitudes of the powerful to those who are relatively vulnerable -- and whose vulnerability is exacerbated in consequence. Fruitful questions include:
With respect to the appropriateness of the legal processes against an individual required to prove his innocence in the face of the accusations and formal allegations, it might be asked whether an institution -- accused in a similar manner -- should effectively "have its hands tied" and be incarcerated with those already convicted, until it can prove its innocence.
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