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Series Editor: Timothy M. Shaw, Visiting Professor, University of Massachusetts Boston, USA and Emeritus Professor, University of London, UK This books provides a timely comparative case study that reveals the factors driving the International Monetary Fund's policy reform in Low Income Developing Countries (LIDCs), as a resurgent IMF expands its footprint in the world's poorest states. Through a research design that employs both mainstream and critical IPE theory, Mark Hibben uncovers three major tendencies. Principal-agent analysis, he argues, demonstrates that coalition formation among powerful states, IMF staff and management, and other influential actors is necessary for policy reform. At the same time, he uses constructivist analysis to show that ideational frameworks of what merits appropriate macroeconomic policy response also have an impact on reform efforts, and that IMF management and staff seek legitimacy in their policy choices. In response to the crises in 1999 and 2008, the author maintains, poverty and inequality now 'matter' in IMF thinking and serve as an opportunity for policy insiders and external actors to deepen the institution's new commitment to 'inclusive' growth. Finally, Hibben draws on neo-Gramscian analysis to highlight how the IMF looked to soften the destabilizing effects of globalization through reforms focused on stakeholder participation in poor states and will continue to do so in its support of the new United Nation Sustainable Development Goals. This means that the 2015-2030 time period will be a critical juncture for IMF LIDC reform. By drawing from diverse theoretical traditions, the author thus provides a unique framework for the study of contemporary IMF change and how best those interested in LIDC policy reform can meet this objective. Mark Hibben is Assistant Professor of Political Science at Saint Joseph’s College of Maine, US.

Political science. --- Political economy. --- Poverty. --- Political Science and International Relations. --- Political Economy. --- Poverty, Aid and Development. --- Economic assistance --- International Monetary Fund. --- Developing countries --- Economic policy. --- Economic conditions. --- Internationaal monetair fonds --- International monetary fund --- International Political Economy. --- Development Aid. --- Destitution --- Wealth --- Basic needs --- Begging --- Poor --- Subsistence economy --- Economic theory --- Political economy --- Social sciences --- Economic man --- Developing countries. --- DNT (Organization) --- FMI (International Monetary Fund) --- Fondo M. Internacional --- Fondo Monetario Internacional --- Fonds monétaire international --- Fondul Monetar International --- Fundo Monetário Internacional --- Fundu Monetariu Internacional --- I.M.F. (International Monetary Fund) --- IMF (International Monetary Fund) --- Internationaler Währungsfonds --- IWF (International Monetary Fund) --- Kansainvälinen Valuuttarahasto --- Kokusai Tsūka Kikin --- Kō̜ngthun Kānngœ̄n rawāng Prathēt --- Kukche Tʻonghwa Kigŭm --- Kuo chi huo pi chi chin --- Mezhdunarodnyĭ vali͡utnyĭ fond --- Międzynarodowy Fundusz Walutowy --- Miz͡hnarodnyĭ vali͡utnyĭ fond --- Mulya Aramudala --- MVF (International Monetary Fund) --- Nemzetközi Valuta Alap --- Quỹ tiè̂n tệ quó̂c t --- Ṣundūq al-Naqd al-Dawl --- Ṣundūq al-Naqd al-Duwal --- Emerging nations --- Fourth World --- Global South --- LDC's --- Least developed countries --- Less developed countries --- Newly industrialized countries --- Newly industrializing countries --- NICs --- Third World --- Underdeveloped areas --- Underdeveloped countries