The Making of the Bank and the Fund above the Law in Bangladesh
IFI Watch Bangladesh, Vol.-2, No.- I
The amendment would give immunity to the WB and the IMF from all legal procedures. This would mean that the Brettonwoods institutions could not be taken to the court of law or be held liable for its actions by individuals, communities or the government. The Bill would strengthen the influence of international financial institutions (IFIs) over domestic policy decisions, therefore compromising the democratic process. The Bill would de facto make the WB and IMF organisations which share no responsibility to answer to the people, whom these are meant to serve.