IMF Review Calls for ‘Fewer but Deeper’ Reforms in Design of Loan Programs
4 Articles
4 Articles
IMF review calls for ‘fewer but deeper’ reforms in design of loan programs
By Andrea Shalal WASHINGTON, Sept 24 (Reuters) - The International Monetary Fund on Thursday called for targeted refinements to the design and implementation of its loan programs, including a focus on fewer but deeper reforms, to reflect the challenges...
Civil society groups have expressed concern that the review may lead developing countries to face more stringent austerity measures
The International Monetary Fund supported recommendations for more targeted lending programmes, with anticipated fiscal adjustments, sequenced structural reforms and greater social protection. The proposal comes as developing countries face increasing debt, high financial costs, and new criticism of the impact of austerity.
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