Since the decline of communist dominance, political and economic transformations of newly established states were viewed as a natural continuation of international liberalization rather than a thing in itself. For that reason, international financial organizations undertook a leading role in promoting market-oriented reforms in respective states. This paper reviews theoretical, strategic and procedural aspects of the World Bank and the International Monetary Fund packages and questions the role the respective organizations played in post-communist marketization. Despite a declared need in reformation, few changes have actually been made in international financial organizations, and this paper claims that reasons behind it remain unclear.
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