New Report Finds IMF Agreements Have Included Policies That Could Worsen Economic Slowdown in 31 of 41 Countries‏

A new discussion paper from the Center for Economic and Policy Research finds that 31 of 41 of countries with current International Monetary Fund (IMF) agreements have been subjected to pro-cyclical macroeconomic policies that, during the current global recession, would be expected to have exacerbated economic slowdowns.

"More than a decade after the Asian Economic Crisis brought world attention to major IMF policy mistakes, the IMF is still making similar mistakes in many countries," said CEPR Co-Director and lead author of the paper, economist Mark Weisbrot.
http://www.cepr.net/documents/publications/imf-2009-10.pdf http://www.cepr.net/documents/publications/imf-2009-10.pdf