Posts Tagged ‘IMF’
RESULTS is promoting dangerous half-truths about the IMF, and diluting its core message in so doing. I continue to support the important work that RESULTS does to improve education, public health, and microfinance around the world. I continue to support its approach to advocacy, which uses outreach to journalists and constituent requests for specific legislative appropriations. But the policy staff is out of its depth with its needless and baseless vilification of the IMF.
RESULTS’ policy staff is capable of extremely precise writing on economic and social issues. In the section on the IMF, however, value judgments, perjorative adverbs, and accusations of anachronism substitute for any concrete proof that the staff’s ideas hold true. Examples:
- “prioritized extremely low inflation”
- “policies may have seemed appropriate”
- “policies are no longer appropriate”
- “immediate consequences … included steep layoffs”
- “IMF policies have prevented countries from adequately investing in public infrastructure and workforce”
- “restrictive spending policies”
- “the inflation reductions that the IMF desires”
- “targets are so much lower than many economists outside the IMF believe they need to be”
- “unemployed nurses…because the government cannot afford to hire them.”
- “anti-growth, restrictive deficit and inflation targets”
To my new friends on the University of Duhok faculty:
Please be advised that the IMF provides access to their incomparable International Financial Statistics free of charge to Iraqi universities. The University of Duhok is currently in negotiations with the IMF to register for free access.
This resource will be of invaluable access to your research.