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IMF confronting critics over ‘misunderstandings’

17 September 2003

The IMF often seems to consider its lack of popularity is due to misunderstandings or misrepresentation of its role. A recent Fund publication (Common criticisms: some responses), in question and answer format, attempts to present its actions in a more favourable light. Questions include: “do IMF-supported programs favor bankers and elites?” and “is the IMF dominated by the G-7 (especially the U.S. Treasury)?”

Some long-standing IMF critics (50 Years is Enough, Bretton Woods Project, Center of Concern and Halifax Initiative) have written a rebuttal of this document in time for the Annual Meetings.