Poor man's Fund; shun the IMF today, feel even worse tomorrow. (International Monetary Fund) (editorial)

From: The Economist (US) | Date: February 13, 1988 | Copyright information

Shun the IMF today, feel even worse tomorrow

THE International Monetary Fund has always found it hard to make friends and influence people. Surprising, that. Typically it stands as the last defence between a mismanaged economy and outright financial collapse. It offers cash to put things right that would otherwise be unobtainable from any source. Yet because it insists that countries act quickly to balance their books it is resented, not thanked. Odder, the IMF has few admirers in rich-country universities, think-tanks and charities. The currently fashionable complaint is that ...

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