The Softer Side of the IMF

Often criticized for imperious edicts to debtor nations, the international lender is changing its ways, says senior official Masood Ahmed

As deputy director of the International Monetary Fund's Policy Review Dept., Masood Ahmed has led a thorough study of the conditions the fund imposes on countries in need of its financial help. Such conditions have swelled in number and scope in the past two decades, generating criticism that the IMF is trying to micromanage developing nations and sometimes force them to adopt inappropriate policies (see BW, 11/26/01, "Don't Use the IMF to Push U.S. Foreign Policy").

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