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Conditionally yours – IMF’s tough love gets worse

Jesse Griffiths

02 Apr 2014 17:16:07

This article has been cross-posted on Triple Crisis. Ukraine is the latest country faced by a debt crisis to be forced into the arms of the IMF. The reality of the situation was pithily expressed by the Ukrainian Prime Minister, Arseniy Yatseniuk, who recently said he “will meet all IMF conditions… for a simple reason… we don’t have any other options.”  Eurodad has, over the past decade, produced several reports criticising the excessive and often harmful conditions that the IMF attaches to its loans. The IMF claims to have seen the light and limited its conditions to critical reforms agreed by recipient governments. We decided to put that claim to the test in our latest report, published on Wednesday (April 2nd), and examined all the policy conditions attached to ...