JSPES, Vol. 32, No. 2 (Spring 2007)
pp. 23-49

On the Usefulness of the International Monetary Fund’s Credit Facilities
Emmanuel Nyahoho
University of Québec

This author argues that the global economy is characterized by an ongoing trade imbalance that is far from corrected by the IMF credit facilities. Furthermore, the restrictions imposed by the IMF are too draconian in proportion to the size of the grants that it is able to make.