IMF Review Advocates Fewer But Deeper Reforms
The International Monetary Fund defended its updated loan program design featuring fewer but deeper reforms. Civil society groups warned the changes could trigger stricter austerity measures in developing nations.
The International Monetary Fund rolled out targeted loan program refinements on Thursday afternoon, prioritizing fewer but deeper reforms to tackle a more shock-prone global economy. The review assesses performance from January 2018 through December 2024. The adjustments follow global economic turmoil spanning the trade conflict between the United States and China, the pandemic, and the invasion of Ukraine by Russia.
