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2010-10-01

Is IMF credible in lecturing other governments?

Comments on David Uren “Labor facing storm clouds: International Monetary Fund”, 30/09/2010, http://www.theaustralian.com.au/national-affairs/labor-facing-storm-clouds-international-monetary-fund/story-fn59niix-1225932014281
I used to have high respect for IMF the fund, but not any more since its appalling responses to the Asia financial crisis in 1997.

It has changed any bit for any better ever since.

It always lectures other governments in the world on this or that, even though it itself cannot do its job properly.

Isn't that enough to ignore what it says?

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