IMF Lending to Developing Countries: Issues and Evidence

Synopsis

As the linchpin of the global financial system, the International Monetary Fund provides the balance of payments support, chiefly to developing countries, conditional on strict remedial policy measures.
Its approach to policy remains highly controversial, however. While the Fund claims it has adapted, critics allege its policies are harshly doctrinaire, imposing hardships on already poverty-stricken people. For the critics, the half century of its existence is 'fifty yeats too long' and radical change is essential.
This book examines the arguments, tracing the extent of Fund adaption, presenting major new evidence on the consequences of fund programes, and considering its future role.

Additional information

Contributors:
Publisher: Place of publication:
  • New York
Publication year:
  • 1995

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.