... adds, that the IMF, instead of encouraging increase in expenditures and reduce in taxes or interest rates, today usually provides funds only if the countries engage in policies like cutting deficits and raising taxes or interest rates that lead to a contraction of the economy. In his book ... to reserves and that Ethiopia's spending should be limited to the revenue it derives from the taxes it collects. This money, however, is not enough to see the building and establishment of new schools and health clinics. Ethiopia, knowing this, did not succumb to the IMF's conditions ... the misman...

• Word Count: 966
• Approx Pages: 4
• Grade Level: Undergraduate