Defending the I.M.F.

NEWS BRIEF - A Letter to the Editor of The New Yorker By Graham Hacche, Deputy Director, External Relations Department, International Monetary Fund, 5 August.

A reader of John Cassidy's review of Joseph Stiglitz's book "Globalization and Its Discontents" might naturally assume that Stiglitz's stories about the International Monetary Fund are not in dispute (Books, July 15th). For example, Cassidy begins with Stiglitz's account of how he learned, in 1998, that the I.M.F. was responsible for the