Source: Madamasr
Author(s): Amr Adly
Original Link: https://www.madamasr.com/en/2017/05/11/opinion/u/the-imf-is-neither-the-problem-nor-the-solution/
The International Monetary Fund (IMF) and World Bank were established post-Second World War, in 1944, to prevent a recurrence of the Great Depression and establish balances in the international economic system. The IMF aimed to remedy deficits in the balance of payments of its member states through financial loans, in return for guarantees they would stabilize macroeconomic factors such as import and export prices and exchange rates…
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