The IMF Must End Its Destructive Surcharges

Project Syndicate

Lean Left

High Factuality

The IMF Must End Its Destructive Surcharges

The International Monetary Fund’s surcharge policy has led to an unseemly state of affairs: countries in financial distress have become the largest source of net revenue to the Fund in recent years. These surcharges must be eliminated or, at the very least, adjusted to reduce the excessive burden on highly indebted countries.