An Analysis of Parliamentary Debates in India on International Financial Institutions (1984-2009)

This report critically examines how international financial institutions (IFIs) such as the World Bank, IMF, and Asian Development Bank have increasingly influenced policy decisions in India—often without adequate parliamentary scrutiny. Spanning debates and developments between 1984 and 2009, the report highlights the gradual weakening of parliamentary oversight in matters related to international borrowing and financial agreements. Through a detailed review of parliamentary records, it reveals how democratic processes have been sidelined as successive governments engaged with IFIs in ways that bypassed transparency and accountability. In an era where financial governance is deeply shaped by external institutions, this report raises important questions about the role of Parliament and the need to reclaim democratic control over economic decision-making.

Read the booklet here: Parliament Supremacy Undermined?