Aiding the Transformation of Economies: Is the Fund\u27s Conditionality Appropriate to the Task?

Abstract

In this Essay, Professor Lichtenstein suggests that the Group of Seven\u27s decision to use the International Monetary Fund to channel economic assistance to Russia was a mistake. Professor Lichentenstein examines the International Monetary Fund\u27s charter, history, and institutional culture. She concludes that it is not a suitable vehicle for funneling the Group of Seven\u27s promised aid to Russia