The Lawfulness of Peacebuilding Interventions by International Financial Institutions Under International Law
Author’s
Details:
(1) Xiang Zaisheng-Professor at Law School/Zhongnan
University of Economics and Law (2)Yakusu
Bokawenyama Sam-PhD Candidate at Law School/Zhongnan University of
Economics and Law (182# Nanhu Avenue, East Lake High-tech Development Zone,
Wuhan 430073, P.R.China) ; Lecturer in Law School of University of
Kinshasa (DR. Congo)
Abstract
Post-conflict
peacebuilding is a multidimensional, highly complex and multifaceted
undertaking that requires significant resources (financial, technical, human,
etc.). With the proliferation of actors in this field, it’s in this context
that peacebuilding interventions by international financial institutions in
countries emerging from armed conflict are taking place. It’s therefore not
surprising to see that international financial institutions linking are peace
and development issues. Because it should be noted that “action in favour
of development produces its best results only in times of peace.”
While the competence of international
financial institutions in the economic field is a truism, their competence in
peacebuilding is not reflected and deserves more appeal and questioning.
Peacebuilding is therefore not expressly included in the constitutive documents
of the international financial institutions. This is why it’s relevant to focus
on the legality of peacebuilding interventions by international financial
institutions whose intervention in fragile countries, including post-conflict
countries, is very often criticized and can generate feelings of mistrust and
enthusiasm… The international financial institutions in question include the
World Bank, the International Monetary Fund and the Regional Development Banks.
The main objective of the United Nations is the maintenance of international
peace and security. Today, this objective has evolved to include peacebuilding
after maintaining it. Thus, since the international financial institutions are
specialized agencies of the United Nations, their peacebuilding interventions
are, therefore, lawful because they are part of the United Nations system.
