International Monetary Fund

Nicole DeVeglio Econ 220- Intl fiscal Systems Paper Three Professor Sohrabji April 16, 2012 The world-wide Monetary Fund (IMF) plays an important role in aiming to relieve and perk up financial crisis in borrower countries. However, its role has arse about along under consuming scrutiny and it has been criticized for variety of reasons. Criticism of the IMF encompasses a whole veer of issues but they generally revolve almost the concern or so the approaches adopted by the IMF in formulating their policies, and the way they are governed. This includes sparing impact these policies have on countries that avail themselves of financial tending from the IMF and the accountability for these impacts regarding financial crisis. Critics of the IMF are concerned about the conditionalities compel on borrower countries how it often attaches lend conditionalities based on what is called the capital of the United States Consensus. Such conditionality focuses on liberaliza tion of trade, investment, and the financial sector as well as deregulation and privatization of nationalized industries.

Often these conditionalities are connect without consideration for the borrower countries one-on-one circumstances and the prescription process by the IMF fail to crash the stinting line of works within these countries dealing with financial crisis. Upon these prescriptions to cure financial crisis the IMF has been heavily criticized regarding emerging economies to adopt much(prenominal) liberalization and macroeconomic stabilization policies by forcing them into such ascesis programs (Wille t 594). In recent critiques it has been utt! er that IMF interventions have not been associated with economic growth for struggling countries. The problem arising from criticism is that these policies of structural appointment and macroeconomic intervention drive the situation in the recipient role country worse. It is in like manner argued that the IMF frequently calls for the same economic policies (described above) unheeding of the...If you want to get a full essay, order it on our website: BestEssayCheap.com

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