The chapter addresses the legal framework surrounding international financial relations, analyzing the role of intergovernmental fora of discussion in establishing guidelines on economic cooperation, and the role played by the International Monetary Fund and the institutions of the World Bank Group, identifying functions, activities and principles governing their operations. Additionally, this chapter provides an overview of the functioning of the accountability mechanisms created by these institutions, in order to better align with norms pertaining to other sectors of international law, especially with the rules promoting and protecting fundamental human rights.
