Policy Press

Making War Safe for Capitalism

The World Bank, IMF and the Conflict in Ukraine

By Elliot Dolan-Evans

This book examines the impact of World Bank and International Monetary Fund (IMF) economic restructuring programmes during active conflicts. Using a critical political economy perspective, the book explores how these restructuring efforts affect vulnerable communities’ survival amid violence.

This book examines the impact of World Bank and International Monetary Fund (IMF) economic restructuring programmes during active conflicts.

Using a critical political economy perspective, the book explores how these restructuring efforts affect vulnerable communities’ survival amid violence. Chapters provide a detailed case study of Ukraine during the War in Donbas, analysing the controversial reforms in agriculture, gas and pension sectors. The resulting analysis offers valuable insights into how these reforms have influenced Ukraine’s political economy and the survival of conflict-affected populations since the 2022 Russian invasion.

“Great title and a book to match. A compelling analysis of the devastating impact of IFI approaches in war-torn Ukraine.” David Chandler, University of Westminster

'This is political economy at its most vital and urgent. The book not only traces the historical arc of international financial institutions' involvement in conflicts, but reveals how their strategies hollow out peace and entrench inequality. Dolan-Evans offers an indispensable contribution to critical scholarship on war, capitalism and global development'. Alexandros Kentikelenis, Bocconi University

Elliot Dolan-Evans is an Early Career Researcher and a Lecturer in the Faculty of Law at Monash University.

Introduction

Part 1: The History of IFIs Peri-Conflict Peacebuilding

1. The IFIs and Post-Conflict Peacebuilding

2. De-Risking War in Ukraine

Part 2: A Critical, Everyday Political Economy of IFI Reforms in War

3. Agricultural Reform in War

4. Gas and Peace in Ukraine

5. Pension, Displacement and Poverty

Part 3: The Future of the World Bank and IMF in Active War

Conclusion: Making War Safe for Capitalism