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Essay / Are international institutions a global public good?
This includes the World Bank and the IMF. In 2013, the World Bank launched a project in Ethiopia that included a process called villagization, which required the forced resettlement of Ethiopia's indigenous populations (Evans, 2013). Members of the deliberative school of human rights would be particularly appalled by this violation, because they associate human rights so closely with culture, and the removal of an indigenous person from their home infringes to their cultural rights. Sarfaty (2009) further highlights the importance of financial institutions recognizing culture by advising the World Bank to create policies regarding three things: the effect of its projects on human rights, the responsibility of a country under international human rights law and when to halt operations. due to human rights violations (p. 648). Similar trends can be observed when evaluating the IMF. Eriksen and Soysa (2009) argue that “their [IMF] loans are associated with improved human rights, but these rights deteriorate when countries face financial crises” (p. 498). When we consider countries like Jamaica – a country that claims its economy has been seriously damaged by its cooperation with the IMF – Eriksen and Soysa's assertion begins to have some validity. Evans (2013) makes an eloquent point that can be applied to all international financial institutions when he states that “the