Doubts about the IMF’s capacity to deal with international currency problems are mounting as the South East Asian crisis worsens despite the IMF’s bail-out efforts.
International Monetary Fund (IMF)
Finance
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Aiding banks or people?
The IMF’s interventions have again raised discussions of who bears the burden of financial crises.
Finance
News
US NGOs battle to stop quota funds
The 50 Years is Enough alliance of NGOs took to Washington’s streets in January to protest about US funding for the IMF and its bailout of the Asian economies.
Finance
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IMF creates new loans to help with financial crises
The IMF has established the Supplemental Reserve Facility (SRF) to provide extra resources to countries with balance of payments problems caused by rapid capital outflows such as those experienced in South East Asia.
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