Why Are Some International Agreements Informal
Imf governance has been reformed to some extent in recent years and has made great strides in transparent lending terms for the general public, but this has not affected the weakness of the Executive Board or the lack of transparency in decision-making with members. The informal governance model defines three different types of power. Structural power is the availability of attractive external options that impose negative externalities on other states. These options do not need to be exercised to influence the course of events; They represent powerful out-of-balance path strategies that determine how the game is played. In fact, the key to effectively using structural power is to avoid being forced to use it yourself. In addition, they can generally count on the respect of other states that prefer to avoid confrontation when their own key interests are not involved. However, as some of the contributions on the topic point out, informal influence is not necessarily monopolized by the major States. 7. It should be noted that all these distinctions are ignored in international law. Virtually all international obligations, whether oral or written, whether by the Head of State or by a subordinate bureaucracy, are treated as “binding international obligations”.
What is missing is not only the political dimension of these agreements, including their domestic political status, but also the reason why States choose more or less formal means for their international agreements. 6. .