Adjusting to development: the IMF and the poor. (International Monetary Fund) (Bretton Woods Institutions: 50th Anniversary): An article from: Finance & Development

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From the supplier: The evolution of IMF policy on poverty has reflected the changing needs of its membership, as well as the growing awareness and concern within the institution over the issue. Over time, the IMF has developed an approach to poverty that seeks to balance its mandate to help countries achieve balance of payments viability and growth with the need to maintain greater flexibility in addressing short-term social concerns. In the long-run, the IMF believes that poverty reduction will be achieved primarily though economic growth and human resource development supported by a favorable external environment. Although the IMF has avoided conditionality related to income distribution, concern with social costs has increasingly beceome a priority. This has taken the form of a three-pronged approach to poverty issues: gradual application of measures that hit marginal groups, securing of additional aid from other sources, and increases in safety net spending.

Citation Details
Title: Adjusting to development: the IMF and the poor. (International Monetary Fund) (Bretton Woods Institutions: 50th Anniversary)
Author: Boris Bernstein
Publication:Finance & Development (Magazine/Journal)
Date: September 1, 1994
Publisher: International Monetary Fund
Volume: v31 Issue: n3 Page: p42(4)

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