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The IMF and World Bank Evoke Dissent from Civil Society

Question 11

Multiple Choice

The IMF and World Bank evoke dissent from civil society for all of the following reasons except…


A) They have typically been the most visible formal symbols of the institutionalized power of global finance.
B) Since the global financial crisis, the IMF has consistently failed to criticize governments it believes have prioritized the austerity solution to imbalances in public finances for purely ideological reasons.
C) They ensure that developing and developed countries alike respect the new reality, in which a systematic transfer of power has occurred, whereby individuals working in private financial institutions have usurped the power traditionally ascribed to governments under systems of representative democracy.
D) Nobody elected the representatives of global finance to make political decisions on behalf of all governments in the world.

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