The Lawfulness of Peacebuilding Interventions by International Financial Institutions Under International Law
(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)
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.