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 state that fifty years of IMF existence has
been 'fifty years too long', and that its doctrinaire policy must
change or Fund programmes will have only limited ability to achieve
their objectives.
This book examines the arguments, tracing the extent of Fund
adaptation, presenting major new evidence on the consequences of
Fund programmes, and considering its future role.
General
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