The course will examine the principal issues concerning international financial institutions (IFS). These include constituent treaties, operational principles and limitations, immunities and privileges, and governance structures. Primary consideration will be given to the Asian Development Bank which is the leading regional development bank in the Asia-Pacific region, and comparisons will be made with other IFIs including the World Bank, the Inter-American Development Bank, the African Development Bank, and the European Bank for Reconstruction and Development.
The course will cover project lending operations of development banks through the project cycle from project preparation to project completion and the preparation of legal agreements with general conditions and specific covenants. The course will also analyse interventions by these institutions in law and policy reform activities.
At the same time, the course will address how other issues are handled including formulation and development of anticorruption policies and social safeguard policies such as environment; engagement with civil society; and establishment and operation of accountability mechanisms to address citizen grievances on bank projects.
This course does not try to provide a comprehensive picture of all these international institutions. Rather it aims at helping students to understand the developmental role played by IFIs in their operations in borrowing countries and the problems and challenges faced by these institutions.
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
A student who has successfully completed this course should:
- Be conversant with the organisational structure and governance of international financial institutions (IFIs), with specific reference to the World Bank and the Asian Development Bank
- Understand the roles of various actors who are involved in the operations of these institutions including governments, private sector, civil society and nongovernmental organizations
- Be familiar with development projects, including law and development projects, financed by multilateral development banks from project preparation to project evaluation; development of social safeguard policies; anti-corruption initiatives carried out by these institutions; and IFI engagement with civil society
- Be conversant with how citizen grievances on development projects are being addressed by accountability mechanisms established by these institutions.
Other Information
This is an intensive course with 4 days of compulsory attendance required (see LLM timetable for dates).Approximately 6 weeks from the completion of the intensive your final assessment will be due. Contact with fellow students and the convenor, both prior to the intensive and after, is conducted via the Wattle course site.
Indicative Assessment
Students must rely on the approved Course Study Guide which will be available on the Wattle course site approximately 4 weeks prior to the commencement of the course.It is likely assessment will consist of:
- Class participation (10%)
- Class presentation (10%)
- Research Essay (80%, 6000 wds)
The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.
Workload
26 Contact Hours (Intensive Delivery over 4 days) plus private study time totally no more than 120 hours.
Requisite and Incompatibility
Preliminary Reading
Readings and materials will be listed in the Course Study Guide which will be available on the Wattle course site approximately 4 weeks prior to the commencement of the course.
Fees
Tuition fees are for the academic year indicated at the top of the page.
If you are a domestic graduate coursework or international student you will be required to pay tuition fees. Tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.
- Student Contribution Band:
- 3
- Unit value:
- 6 units
If you are an undergraduate student and have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). You can find your student contribution amount for each course at Fees. Where there is a unit range displayed for this course, not all unit options below may be available.
| Units | EFTSL |
|---|---|
| 6.00 | 0.12500 |
Course fees
- Domestic fee paying students
| Year | Fee |
|---|---|
| 2015 | $2958 |
- International fee paying students
| Year | Fee |
|---|---|
| 2015 | $4146 |
Offerings, Dates and Class Summary Links
ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage.
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.
Winter Session
| Class number | Class start date | Last day to enrol | Census date | Class end date | Mode Of Delivery | Class Summary |
|---|---|---|---|---|---|---|
| 1574 | 13 Jul 2015 | 13 Jul 2015 | 24 Jul 2015 | 27 Aug 2015 | In Person | N/A |
Spring Session
| Class number | Class start date | Last day to enrol | Census date | Class end date | Mode Of Delivery | Class Summary |
|---|---|---|---|---|---|---|
| 1650 | 10 Nov 2016 | 12 Nov 2016 | 25 Nov 2016 | 27 Dec 2016 | In Person | N/A |