THE ROLE OF INTERNATIONAL FINANCIAL INSTITUTIONS (IMF, WB, EBRD) IN THE SUSTAINABLE DEVELOPMENT OF EMERGING ECONOMIES

Abstract

The study investigates the impact of International Financial Institutions, namely the IMF, the WB, and the EBRD, in promoting sustainability. Employing a qualitative approach, the paper compares the mechanisms, and effectiveness of three IFIs’ programs. The findings show that IMF contributes mainly through macroeconomic stabilization, the WB to social development, and the EBRD to green investment. The study concludes that more inclusive and flexible strategies are needed and fills the research gap by comparing three main IFIs through SWOT analysis.