The Real Rot at the IMF Jayati Ghosh

The Doing Business controversy has shaken the confidence in the Bretton Wood institutions, but it must not obscure the real problems with their functioning – the disproportionate power of the US; the IMF’s deeply procyclical approach to countries that seek its support, and the G7 advanced economies’ unwillingness to address global problems.

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(This article was originally published in the Project Syndicate on October 12, 2021)