Just two weeks after it published its “World Economic Outlook” in September the Fund admitted some of its figures were out of date and would have to be revised downward. After questions were raised about some country forecasts, fund officials found that “pre-crisis” estimates were used for most of the former Soviet republics. Different parts of the report appear to give conflicting figures.
The IMF and the World Bank are increasingly engaged with the challenge of addressing how tax avoidance and evasion affect developing countries, but need to address the role played by multinational enterprises and tax havens in exacerbating inequality and undermining countries’ domestic revenues.
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