ABSTRACT

The World Bank Group (WBG) underlines in its own recent policy statements that internal developments have shown growing recognition of the need for the Bank to address human rights in a more explicit fashion and 'that there have been significant advances in the Bank's thinking on this issue'. Many issues the International Monetary Fund (IMF) is dealing with are directly related to human rights as well. However, it is well-known that, compared to the WBG, the IMF is even less pronounced on linking such activities to obligations stemming from international human rights law. Whether that position is tenable will also be discussed below. For now, the focus is on wordings chosen by the IMF itself in order to illustrate the overlap in substance between its mandate and the domain of human rights. As subjects of international law and as international legal personalities, the WBG and the IMF are capable of possessing rights and duties under their constituent instruments.