Comment piece by Hennie Van Vuuren on corruption and bribery in the Bank-supported Lesotho Highlands Water Scheme
Too much, too soon: IMF conditionality and inflation targeting
11 September 2006
Gerald Epstein, professor of economics at the University of Massachusetts, finds that despite little evidence of the success of inflation targeting in promoting economic growth, employment creation or poverty reduction, the IMF is increasingly using loan conditions and technical assistance to push its use. There is an urgent need for viable alternatives that focus on employment generation, poverty reduction, export promotion and investment enhancement to be given more attention.