No IMF bias towards ‘excessive austerity’, report finds

International Monetary Fund Headquarters 2, Washington, DC
Photo: John Harrington

The International Monetary Fund has not been biased towards “excessive austerity” in the post-2008 period, but still needs to make changes to the way it designs programmes, a report finds.

The IMF’s Independent Evaluation Office conducted the study of growth policies in IMF programmes from 2008–2019. “The evaluation does not find evidence of a consistent bias towards excessive austerity in IMF-supported programmes during the evaluation period,” the IEO says.

Furthermore, the report finds IMF

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