IMF accused of sloppy work over Greek bailout

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The Independent Evaluation Office, the IMF’s very own watchdog, issued a report on Thursday which was highly critical of the IMF’s handling of the Greek bailout as well as that of other countries, citing "patchy" performance in the handling of the Eurozone bailouts and whilst criticising "overly optimistic growth projections," especially in the case of Greece.

Issues of credibility were also reported, with suggestions that the IMF’s leadership allowed their technical staff’s judgements to be subjected to political pressures from an early stage, due to the troika arrangement, while the handling of the euro area crisis "raised issues of accountability and transparency, which helped create the perception that the IMF treated Europe differently."

At the same time the report, echoed the IMF’s long standing position for further significant debt relief for Greece.

GCT Team

This article was researched and written by a GCT team member.