The IMF has decided to hire a new public relations firm to bolster its battered image. It is not clear what positive aspects the Fund is trying to project, but building relationships and putting a good gloss on initiatives will be no substitute for changing its practice.
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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