IMF accused of 'reckless lending' to debt-troubled states
by Larry Elliott from Economics | The Guardian on (#4RZP9)
Jubilee Debt Campaign says the Fund broke its own rules by not ensuring sustainable debt burden
Debt campaigners have accused the International Monetary Fund of encouraging reckless lending by extending $93bn (75bn) of loans to 18 financially troubled countries without a debt restructuring programme first.
In advance of the IMF's annual meeting in Washington next week, the Jubilee Debt Campaign (JDC) said the the Fund was breaking its own rules by providing financial support without ensuring that the debt burden was sustainable.
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