IMF Few International Organizations Have Research Proposal

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There have been important controversies also related to the austerity programs that the IMF supports as a condition of giving financial loans. Joseph Stiglitz was an important opponent of such programs, underlying that increasing taxes in a weak economy destabilizes the economy even further and that this was a Monetarist approach aimed at supporting Western interests rather than those of the developing countries. To some degree, this is true and some of the failures of the IMF, including the Argentinean crisis are good arguments in this sense.

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Argentina has been cited as one of the failures of the IMF, mainly because the budgetary restrictions that were imposed under the IMF programs did not allow the government to develop its own projects and affected economic growth. Countries like the Philippines have argued that the IMF program has helped their economy significantly, while Turkey's rebound at the beginning of 2000s is also a good example of a potential IMF success......

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