2024, Vol. 7, Issue 2

The topic of international financial institutions enjoys an important place in modern times, It has become one of the most important topics of our time, and economic and financial conditions after the Second World War have led to the need for a functioning world order that regulates international financial relations. This led to the establishment of a new global financial system, as exemplified by the Bretton Woods Conference of 1944. The International Monetary Fund and the World Bank were established as international financial institutions working to ensure fiscal balance in the countries of the world and achieve the economic development of Member States. This study aims to demonstrate the contribution of international financial institutions. (IMF and World Bank reconstruction) to achieve sustainable development in Iraq's environment to ensure the right of future generations.

The research reached a series of conclusions, the most important of which was that international financial institutions, mainly the International Monetary Fund (IMF) and the World Bank for Construction and Reconstruction, were considered to be among the most active financial institutions in the international arena because of their role in restoring countries' economic balance and providing funds and loans to developing countries in order to drive livelihood growth and promote sustainable development.

Based on the conclusions, a series of recommendations had been made, the most important of which was that the objective of the international financial and financial institutions was to support the continuation of sustainable development, not to grant such funding to increase pressure on countries in need, especially in the developing world.