The International Monetary Fund is the centre of a global financial system that encourages budgetary discipline and full integration into world trade to facilitate development and alleviate poverty. Yet this policy 'conditionality' of the IMF is highly controversial. Critics sta…
"As linchpin of the global financial system, the International Monetary Fund provides 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…
Critics are challenging the traditional role of the IMF to facilitate development and alleviate poverty, viewing policies as doctrinaire and in need of change to meet objectives. This examines the arguments and the future role of the IMF.
As linchpin of the global financial system, the International Monetary Fund provides 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 …