General Information

29/11/17

First things first!

Hello everybody, today we will like to give you an amazing material that will help you to introduce yourself in the economic field talking about Human Rights.

When you finish reading this new post, you will be able to understand a lot of new and useful data.

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Economic conditionality refers to the requirements located on the exercise or delivery of money lent to another country. Conditionality is most often associated with “aid money”.

• Example: International organizations, such as the International Monetary Fund (IMF) and World Bank, or States themselves can use conditionality when money is lent to another country. The contributor State requires that the State getting the funds follow certain rules leading the utilization of funds lent.

Conditions can go from requirements in order to reduce corruption to more controversial ones, such as improvement in human rights or reduction in public deficit . The benefactor organization may also impose that the resources lent have to be used toward a specific mission rather than being left to the will of the receiving country. 

Here we give you a video that will end with your possible doubts and will also help you to reinforce what we have just said about Economic Conditionality.

Thank you very much! If you want to know more or you have any additional doubt, just write a comment! 

30/11/17

Hi everybody, today we are going to talk about the two types of Economic Conditionality that we can find. This post will be useful to you in order to understand better the concept we have previously discussed. 

Economic Conditionality can be :

• Positive: it consists in the consent or in the increase of international cooperation programs. It also includes political and/or commercial concessions, like payments or the establishment of previously demanded reforms. 

As a consequence, positive conditionality is a way of reward made to the country receiving it because of some practices that this State has done for the other State. 

•     Negative: it consists on sanctions like the diminishing, the delay or the definitive suspension of the economic aids. This is done in order to get the affected government to comply with the stipulations required by the country giving this aid.

POSITIVE

CONDITIONALITY

VS

NEGATIVE 

CONDITIONALITY

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1/12/17

Good morning everyone! Today we are going to finish with this first part of our introduction to Economic Conditionality that we have cover by the discussion of the most important general concepts of the field. 

Today we are going to talk about the two trends that there are in the Economic scope of Human Rights which are based on Conditionality. 

So now tha we know what we are going to discuss, we go ahead!

1. Trend from the World Bank:  in order to end up with the balance of payment’s crisis that the developing countries have been suffering from the 70’s, the World Bank designed a new way of credit in 1980, the Structural Adjustment Loans (SALs). This introduced the economic conditionality speech, as the concession of this kind of credits were conditioned to the implementation of a program that will make a structural adjustment in the State receiving the credit. 

The imports of credits are based on the consequences, not on the volume, because thanks to them, the State starts a new massive trend of helping programs rather than helping projects, conditioned to the adoption of changes in the economic policy. Due to this fact, these changes affect the sovereignty in the economic field of the receptor State.

So, these changes suppose the establishment of a new politic-economic speech in the WB activity, that could make States follow a “market oriented reform”, which will end up with the market as the agent in charge of regulating the economy. As a consequence, the State will lose importance as an economic agent.

Moreover, if the WB shows in the underdeveloped economies the problem of the lack of a public sector, the WB will add another condition with the expression of the “enabling environment” in order to end with the scarce of responsibility of the public officials and the scarce of transparency in the information given. 

2. Trend from the benefactor State of the CAD: in the 80’s there was a phenomenon called “aid fatigue”, because States were angry as the help given was not useful.

As a consequence, a new way of help was created, “the hors projet”, which give the other State more freedom and flexibility. This way also has the aim to support economies which have difficulties. However, this way was not the best one because of the lack of control and that’s why economic conditionality is so important.

Benefactors have to argue their economic help with data to the National Parliament and the public opinion.

Each economic help has to have conditions as loans have nowadays. 

We hope it has been useful for you to read this post! Any doubt you can have, just write it on the comments section. 

We let you a video with some additional information on the field for those of you which are more curious.