ECONOMIC FORUMS AND INTERNATIONAL SEMINARS
Does IMF Fiscal Policy Advice End Up Hurting the Poor?
Tuesday, April 29, 2003, 2:30 p.m.–4:00 p.m.

Many critics argue that the IMF’s advice on fiscal policy reduces growth and increases poverty in developing countries. In the effort to address unmanageable budget deficits, critics claim the IMF advises countries to make substantial cuts in public spending. Critics say that far from cushioning the impact of crises on the poor, these cuts worsen the slowdown and make it more difficult for the poor to find jobs. But what exactly is the nature of IMF fiscal policy advice? Is there a one-size-fits-all fiscal policy in IMF programs? The following panelists addressed these and related criticisms of IMF fiscal policy advice:

Richard Hemming [Moderator]
Assistant Director
Fiscal Affairs Department
IMF

William Cline
Senior Fellow
Institute for International Economics

Sanjeev Gupta
Assistant Director
Fiscal Affairs Department
IMF

Carol Graham
Vice President, Government Studies
Brookings Institution

Read the transcript of the forum here.

Posted on May 16th, 2003 by jl
Filed under: Developmental Issues, Economic Theory & Research, IMF, Intl Economics