International Monetary Fund (IMF)

The International Monetary Fund (IMF), created in 1945, has the historic function of intervening to help States in the event of a serious financial crisis. Through the loan conditionality technique, the IMF has gone beyond this role of lender to become a sort of guardian and impose structural reforms, in particular liberalization of economies from which governments have requested financial assistance.

The 2008 financial crisis gave it new importance as the Fund today appears to be the only body capable of responding to a systemic global financial and economic crisis, since it is the only global body. In this it would aim to be the new and for the moment the only global economic and financial regulator. It remains for him to have the financial means and for the states to accept this dispossession of sovereignty.