International Financial Institutions: Who Holds the Purse?
Mayada offers a feminist critique of international financial institutions like the IMF and World Bank, highlighting their disproportionate power over Global South countries' political, social, and economic trajectories. She argues that these institutions, historically linked to the rise of neoliberalism and controlled by Western nations with unequal voting power favoring donors like the US, structurally perpetuate Western dominance and further US policy objectives. This power dynamic inherently marginalizes the voices and needs of the majority world, hindering long-term development and increasing poverty and inequality.