Turbulent Times for the IMF

The savior of developing countries is also the scapegoat

The job of the International Monetary Fund has always been tough. Now it is also touchier than ever. Although the IMF makes loans to rescue troubled economies, it is stirring up anger and defiance in developing countries of Latin America, Asia and Africa. In some places, the controversy has been boiling over into violence. In the Dominican Republic, most union leaders are insisting that the country break off relations with the IMF, blaming its policies for causing riots last month that left more than 50...

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