No IMF bias towards ‘excessive austerity’, report finds
But Independent Evaluation Office says fund has been too optimistic in its forecasts
The International Monetary Fund has not been biased towards “excessive austerity” in the post-2008 period, but still needs to make changes to the way it designs programmes, a report finds.
The IMF’s Independent Evaluation Office conducted the study of growth policies in IMF programmes from 2008–2019. “The evaluation does not find evidence of a consistent bias towards excessive austerity in IMF-supported programmes during the evaluation period,” the IEO says.
Furthermore, the report finds IMF
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