The International Monetary Fund (IMF) has come under strong criticism in recent years because of its ____________ which is(are) accused of delaying the economic growth of poorer countries.

Question

Quizplus · Accepted Answer

The International Monetary Fund has come under strong criticism in recent years because of its Structural Adjustment Programs which are accused of delaying the economic growth of poorer countries.
Key Takeaway: Structural Adjustment Programs (SAP) are IMF programs that are designed to help countries manage their debts to the World Bank and as conditions to getting new loans from the bank. Among its requirements are that countries cut spending and lift import/export restrictions. These requirements have shown to have a negative impact on the economic development and growth of many poor countries.

The International Monetary Fund (IMF) Has Come Under Strong Criticism