1. The role of IMF
The Commission also wanted to eliminate the Poverty Reduction and Growth Facility (PRGF). A number of academic and other non-governmental groups have similarly argued for taking the IMF out of the poverty alleviation business whereas developing countries wanted to maintain the IMF role in all member-countries, including in the poverty reduction area. ... Moreover, the G-7 Finance Ministers took an even stronger line in their report to the Summit leaders by emphasizing that the IMF has a critical role to play in supporting macroeconomic stability in the poorest countries, through the PRGF, inte...
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- Approx Pages: 15
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- Grade Level: Undergraduate