International Business

International Business

IMF and Debt Crisis

IMF's lending program has always helped the affected countries in redirecting their economic policy. Its program is usually initiated when the need for external adjustment is faced by a country. Financing facilities are provided by IMF along with the implementing policies to address the potential as well as actual external imbalances. The continuation of lending is based on the implementation of the program which is evaluated based on the preset criteria. Therefore, the program of IMF is designed to take into consideration the changing economic and global conditions along with creating uniformity in the treatment (Seitz ...