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1 results

  • 2 - Detour to Bretton Woods

  • Johanna Aleria P. Lorenzo, Universiteit van Amsterdam
  • Book:
    International Financial Institutions and Sustainable Development
    Published online:
    09 June 2025
    Print publication:
    26 June 2025, pp 58-93

  • Summary

    Chapter 2 runs parallel to the immediately preceding chapter by tracing the changing definitions of development, as understood and implemented by one of the pillar organizations of international financial law, ie the World Bank, whose mandate and functions have likewise been evolving. It employs the New Haven approach to international law and treaty interpretation to expound how development has come to be understood in the Bank’s operations as involving not only economic growth but also environmental, governance, and human rights concerns, despite the ‘political activity prohibition’ in its constituent instrument.