Despite increasingly strident public outcry from the targets of the IMF’s counterproductive conditional lending program, as well as the international community in general, the IMF remained largely aloof concerning institutional reform. In 1999 – a period in which the Southeast Asian financial crisis was still in full swing, and Russia’s
Read MoreDespite increasingly strident public outcry from the targets of the IMF’s counterproductive conditional lending program, as well as the international community in general, the IMF remained largely aloof concerning institutional reform. In
As discussed in the prior article, the International Monetary Fund (IMF) found itself with little purpose after President Nixon removed the gold standard, and the Bretton Woods international financial system became defunct.
The International Monetary Fund (IMF) is an international intergovernmental organization currently comprised of 190 diverse sovereign states “working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment