IMF Seminars, Conferences and Workshops
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.
IMF Auditorium (Enter via the IMF Center)
720 19th St. N.W., Washington, DC
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Transcript of the proceedings
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 will address these and related criticisms of IMF fiscal policy advice:
Richard Hemming [Moderator]