Revolution at the IMF?

What has come over the International Monetary Fund?

Not content with playing the good cop to Europe’s bad in the ongoing Greek crisis – in which it has been arguing for more debt relief and less austerity – the Fund has just published an article in its in-house magazine by three of its leading researchers entitled “Neoliberalism: Oversold?”.

Their answer is “Yes”.

In my latest article in the New Statesman, I explore why – and whether the IMF’s mea culpa will finally win over its critics in the emerging markets or not.

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