Business Recorder: IMF’s conditionalities

Structural conditions imposed on developing countries by the International Monetary Fund undermine their “state capacity” for economic development, finds a study co-authored by Dr Bernhard Reinsberg, Research Associate at the Centre for Business Research, Cambridge Judge Business School. “Much previous research on the socio-economic impact of IMF programmes has focused on economic growth, but it did not examine how such programmes transform state institutions,” says Dr Reinsberg. “This is surprising, given the importance of able states to economic development.”

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