The IMF’s management of the financial crisis that rocked the EU in 2010-13 has been criticised in an independent report released today. “The IMF’s handling of the euro area crisis raised issues of accountability and transparency, which helped create the…
Category: IMF
FT slams IMF neoliberalism critique
The Financial Times today slammed the IMF’s criticism of neoliberalism as “navel-gazing” that is out-of date and dangerous. “…neoliberalism has become the catch-all criticism of unthinking radicals who lack the skills of empirical argument,” the Financial Times said in a…
IMF report challenges austerity and capital market deregulation
An article in the June edition of the fund’s quarterly Finance & Development magazine said some neoliberal policies have increased inequality and this is jeopardising durable expansion. The article was written by three economists in the IMF’s research department. They…
IMF calls for greater influence for developing nations
The IMF in a seminal paper published on 2 October ahead of its annual meeting in Lima next week has called for a radical change in the governance of the fund to reflect the growing importance of emerging and developing…