The Legitimacy and Relevance of International Financial Institutions in Contemporary Global Governance: Challenges and Imperatives for Reform International Financial Institutions (IFIs) such as the International Monetary Fund (IMF) and the World Bank have long occupied a central place in the architecture of global economic governance. Established in the aftermath of World War II under the … Continue reading To what extent do international financial institutions such as the IMF and the World Bank retain legitimacy and relevance within contemporary global governance frameworks, and what institutional reforms are necessary to enhance their accountability, representativeness, and effectiveness in addressing global economic asymmetries?