Bandow, Doug
June 1992
National Review;6/8/1992, Vol. 44 Issue 11, p46
The article examines several specific problems associated with the loans provided by the International Monetary Fund (IMF). One is the inappropriate conditions demanded by the IMF. One of these is the need for a nation applying for a loan to reduce its current account deficit making a borrower restrict its imports. Second is the lack of enforcement. This is shown when a country violates its agreement with the agency and the agency will grant a waiver of modify the conditions of the loan. Third is the failure of the IMF to help borrowing states to adopt economic reforms.


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