Washington Consensus institutions

The Washington Consensus refers to a set of economic policy recommendations primarily aimed at developing countries, emphasizing free-market principles. These institutions — including the International Monetary Fund (IMF), World Bank, and U.S. Treasury — advocate for policies like reducing government intervention, opening markets to trade and investment, privatizing state-owned enterprises, and maintaining disciplined fiscal policies. Their goal is to promote economic growth, stability, and integration into the global economy. Essentially, these institutions encourage reforms that rely on market forces to improve a country's economic prospects.