ABSTRACT
The principal criticisms of the International Financial Institutions (IFIs) such as the International Monetary Fund (IMF) and the World Bank centre on their addiction to neoliberalism and insistence on smaller government and an increased allocative role for markets (Vines and Gilbert, 2004; Meltzer, 2000). It is therefore reasonable to assume that markets have figured prominently in the policies and practices of the IFIs and that the Global Financial Crisis (GFC) has potentially shaken the extent to which market disciplines and practices are embedded in the IFIs. It is a reasonable assumption but a wrong one.
