Since the decline of communist dominance, political and economic transformations of newly established states were viewed as a natural continuation of international liberalization rather than a thing in itself. For that reason, international financial organizations undertook a leading role in promoting market-oriented reforms in respective states. This paper reviews theoretical, strategic and procedural aspects of the World Bank and the International Monetary Fund packages and questions the role

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... the respective organizations played in post-communist marketization. Despite a declared need in reformation, few changes have actually been made in international financial organizations, and this paper claims that reasons behind it remain unclear.