Hot Topic III
Al Edwards sites a number of recent examples of IMF programs around the World. Turns out they don't eat your young anymore!
Dennis Chung writes the most nuanced article I've seen so far on the topic of the IMF and the way forward for Jamaica. Kinda wonky but I recommend it. Here's a quote:
Dennis Chung writes the most nuanced article I've seen so far on the topic of the IMF and the way forward for Jamaica. Kinda wonky but I recommend it. Here's a quote:
So while we fall at the feet of the IMF, let us remember that it is nothing more than a bank intent on being repaid, and just like a bridging loan for personal use, is no cure for a relative shortage of income. If we do not implement the necessary policies to transition during the period of IMF support we will only end up with more debt and the same problems.
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