The Operational Policies of the World Bank and the International Finance Corporation

Creating Law-Making and Law-Governed Institutions?

In: International Organizations Law Review
Daniel D. Bradlow Professor of law, American University Washington College of LawExtraordinary professor in the Centre for Human Rights, University of Pretoria,

Search for other papers by Daniel D. Bradlow in
Current site
Google Scholar
Andria Naudé Fourie Assistant professor, department of public international law, Erasmus School of Law, Erasmus University Rotterdam,

Search for other papers by Andria Naudé Fourie in
Current site
Google Scholar
Download Citation Get Permissions

Access options

Get access to the full article by using one of the access options below.

Institutional Login

Log in with Open Athens, Shibboleth, or your institutional credentials

Login via Institution


Buy instant access (PDF download and unlimited online access):


International financial institutions (‘IFIs’), such as the World Bank and the International Finance Corporation (‘IFC’), have progressively refined their own operational policies and established institutional accountability mechanisms, such as the Inspection Panel and Compliance Advisory Ombudsman, in response to external and internal demands for their enhanced accountability. This article argues that these two developments are instrumental in transforming IFIs such as the World Bank and the IFC into law-making and law-governed institutions. We argue that the operational policies, as well as the institutional processes surrounding these policies (that is, rule-making, rule-application and rule-enforcement processes), should be assessed in legal terms – even though the legal nature of the operational policies are contested, and the policies are only applicable to IFI staff and their borrowers. The main objective of this article is to provide an analysis in support of this contention.

Content Metrics

All Time Past Year Past 30 Days
Abstract Views 753 166 13
Full Text Views 259 23 7
PDF Views & Downloads 211 37 8