Lagarde rejects internal criticism of IMF austerity push

lagarde
Christine Lagarde

Christine Lagarde, the International Monetary Fund's managing director, has dismissed internal criticism against the Fund's "premature" calls on advanced countries to slash spending in 2010–11.

Encouraging debt-laden countries, particularly in Europe, to tighten their budgets was the "right call to make", Lagarde said today, following the release of a report by the IMF's International Evaluation Office (IEO) on the Fund's response to the financial crisis.

The evaluation, released today and discu

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