IMF’s crisis performance criticised by internal review
Work on eurozone programmes described as ‘uneven’ and concerns raised over political pressure
The International Monetary Fund may have been exposed to political pressure as it sought to rescue crisis-hit eurozone countries, a report from its independent evaluation office (IEO) warned on July 28.
This was one of many flaws highlighted in the IMF's engagement with the region from 2010 to 2013. This begins with the fund's surveillance, which "mostly identified the right issues" but did not grasp the "magnitude of the risks".
One key decision analysed in the report was the granting of
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