ABSTRACT

In this chapter, we present various crimes, harms, and violence committed by the World Bank and the International Monetary Fund. We suggest that the crimes and harms of these international financial institutions are the result of their deeply embedded ideology and subsequent policies, which are symbolic of the larger system that drives crimes of the powerful in general, reproducing the global power economic arrangements and replicating current power structures and inequalities. We begin with an overview of both institutions followed by problematic key terms and discourse that often undergirds their crimes and harms. We then provide readers with brief overviews previous criminological research on these institutions under the umbrella of crimes of globalizations.