IMF Lending to Developing Countries

Issues and Evidence

Nonfiction, Science & Nature, Science, Earth Sciences, Geography
Cover of the book IMF Lending to Developing Countries by Graham Bird, Taylor and Francis
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Author: Graham Bird ISBN: 9781134817634
Publisher: Taylor and Francis Publication: September 2, 2003
Imprint: Routledge Language: English
Author: Graham Bird
ISBN: 9781134817634
Publisher: Taylor and Francis
Publication: September 2, 2003
Imprint: Routledge
Language: English

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 years 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.

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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 years 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.

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