IMF accused of suppressing information

Posted by BankInfo on Sun, Jul 22 2012 02:26 pm

A veteran economist at the International Monetary Fund has accused the global lender of suppressing information on difficulties in dealing with the global financial meltdown and euro zone crisis.

In a resignation letter to the IMF's board and senior staff, dated June 18, Peter Doyle said the IMF's failures in issuing timely warnings for both the 2007-2009 global financial crisis and the euro zone crisis were a "failing in the first order" and "are, if anything, becoming more deeply entrenched."

The Daily Star/Bangladesh/ 22th July 2012

Posted in Banking, News

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