IMF Lending to Developing Countries

<p>As the linchpin of the global financial system the International Monetary Fund provides the balance of payments support chiefly to developing countries conditional on strict remedial policy measures.<br>Its approach to policy remains highly controversial however. While the Fund claims it has adapted critics allege its policies are harshly doctrinaire imposing hardships on already poverty-stricken people. For the critics the half century of its existence is `fifty years too long' and radical change is essential.<br>This book examines the arguments tracing the extent of Fund adaption presenting major new evidence on the consequences of fund programes and considering its future role.</p>