Does the IMF advocate privatization and market liberalization in poor countries, ignoring local conditions and adverse social consequences of such policies?
A. As part of the Fund’s policy to streamline conditions within Fund-supported programs, privatization and market liberalization policies are only considered when they are essential to restore financial stability and unlock economic growth. The IMF relies on the World Bank and other agencies for information and expertise in these areas, and every attempt is made to take account of social conditions and prevent adverse social consequences of any policies.
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