This paper assesses the attempt by Justin Lin, former Chief Economist of the World Bank, to posit a new development paradigm through his New Structural Economics, NSE. Lin’s attempt to redefine development economics deserves scrutiny for at least two reasons. He launched his new framework...

The World Bank (WB) has been at the forefront of a redefinition of conditionality since the late 1990s, away from finance in return for the promise of policy reform, as was typical under structural adjustment, towards the disbursement of funds conditional on what has already been achieved. Under...

This paper assesses the policy role of the IMF in Low-Income Countries (LICs) in the wake of the global financial crisis and in response to its own claims of policy redesign and increased flexibility. The assessment focuses on the Fund's monetary and fiscal policy stance in a selection of case...