World Bank, IMF and Human Rights

Although the World Bank and the International Monetary Fund (IMF) are economic oriented organizations, they significantly influence the social policies of their member states as well as the human rights of citizens. Most of the projects supported under their domain are related to social and cultural rights like health, education. The loans allocated are strictly adhered to conditionalities such as rule of law and good governance. In this paper, I shall explain the status of these organizations in international law and analyze whether they have certain human rights obligations. The criticism on the de facto expansion of their operating areas shall also be examined.