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Shaping policy for development

An overview of Lagoro IDP camp in Kitgum District, northern Uganda, 20 May 2007. Manoocher Deghati/IRIN
Fri, 07/26/2013 - 09:15 -- Anonymous (not verified)

The IMF and the third world

October 1980
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Noting the current uneasy state of relations between developing countries (LDCs) and the International Monetary Fund (IMF), this Briefing Paper reviews the chief points at issue. The paper notes that the Fund can provide 'scapegoat services' to governments who know that unpopular measures are inevitable and are delighted to be able to attribute the blame  to the machinations of international bankers and their paymasters. Nevertheless, there are also genuine disagreements over policy between the Fund and LDC governments. The paper argues that there remains truth in the charge that the Fund is used by rich countries to increase their power over poor ones.

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Briefing paper (pdf, 4.23M, 6 pages)