Enclave Projects: Negative Social Impacts and the Need for Law

Sam Han
Vol. 38 Associate Editor

Large international financial institutions (IFIs) have increasingly been experimenting with enclave projects over the past two decades in efforts to develop the territories and promote long-term growth of less developed countries. These IFIs, including major banks such as the World Bank, the International Monetary Fund (IMF), and the Inter-American Development Bank (IDB) aim to assist member countries to foster development of foreign trade and investment as a means of spurring economic growth.[1] One means of doing so has been through the implementation of an enclave project in a specific region of the less developed country. Continue reading