IMF says it cares about inequality. But will it change its ways?

The IMF headquarters in Washington DC. Shutterstock The International Monetary Fund (IMF) has become increasingly infatuated by the negative consequences of excessive inequality. This new-found mission is laudable, but neglects the manifold ways its own policy advice contributed to growing income inequality. As lender of last resort, the IMF provides countries in economic t...

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The effects of IMF programs on poverty, income inequality and social expenditure in low income countries: an empirical analysis

Graham Bird,Faryal Qayum ABSTRACT This paper examines the effect of IMF programs on poverty, income inequality and government expenditure on education and health. It distinguishes between non-concessional and concessional programs and examines the effect of contingent factors; program completion, IMF resources, the size of the initial economic problems and aid dependency...

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