IMF highlights bailout shortcomings in latest admission of programme errors

EconomyProgramme Tags: Debt, IMF
Photo via IMF photostream on Flickr []
Photo via IMF photostream on Flickr []

A new internal evaluation document published by the International Monetary Fund on Monday can be added to the existing material that has been released by the IMF on Greece outlining what a formidable task the country faced in 2010 when it signed the first programme with the eurozone and the Washington-based organisation.

The latest review looks into the design of 133 IMF-supported programmes between September 2011 and December 2017, in what the Fund describes as “the first major stocktaking of IMF programs since the Global Financial Crisis”.

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