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on, society reconstruction and establishment of a functioning market, states and non states actors entered into a purpose driven relationship analysed in the following section.

Key Actors and Networks of Global Governance
To limit global governance to humanitarian intervention, multi-lateral relations and all that without looking at the economic driving force is limiting the entire process. It is common knowledge that the liberalisation policies formulated by the Bretton Wood Institutions set the set for globalisation.
The institutions are the World Bank and the International Monetary Fund (IMF). The World Trade Organisation (WTO) by virtue of its role in the international financial system partners with the two. These three financial institutions regulate the system of global governance base on their different mandates.
The World Bank promotes Structural Adjustment Programmes (SAP) as the panacea to problems of underdevelopment and fund large scale development projects. The IMF provides loan to interested countries while the WTO sets the rule for free and fair world trade. They work together to open up channels and remove barriers in every country for free flow of trade and investment across boundaries. (Cavanagh and Mander; 2004, 55)
The Structural Adjustment Programme, the recipe for development works by devaluing the country’s currency, liberalising markets, eliminating tariff and cutting down government expenditure through removal of price subsidy (Ibid; 2004 ). Though World Bank conditionalities have drawn criticisms from various sectors, it remains the condition for taking development loans. This financial power of the World Bank has spread its influence worldwide, especially in resource poor countries.
World Bank loans have contributed to the development of some countries as well as entrapping others. The total debt of all developing countries in 1980 was $609 billion, the amount rose to $2.4 trillion in 2001. This shows the amount committed by the bank to development efforts and the debt burden which has become a string binding third world countries to the bank. (Cavanagh and Mander; 2004, 57).
Apart from providing loans to countries, World Bank also issues low-interest loans to transnational corporations to enable them establish control over natural resources. The bank remains a major contributor to global greenhouse emissions. The bank also Finances capital intensive development projects in various states.
Similarly, the IMF was created to ensure stability in the international financial system. It does this by making balance of payment adjustments and imposing sanctions on erring states. IMF sanction is an effective tool for regulating nation states. In conjunction with the World Bank, IMF work strives to remove protectionism and other government anti-liberal economic policies.
The recent ‘comprehensive development framework’ enacted in consultation with the Finance Ministers and Central Bank Governors of the Group of Seven (G7) shows the incorporation of state actors in the decision making process. The criticism of the SAP policy has necessities its modification. This shows that the body relies on input from the society to function properly. While it is difficult to list countries that developed on loans and economic prescription from the IMF, the body remains a key actor in the emerging global governance.
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