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[PEN-L:34169] RE: Re: Re: Re: Turkey, again.......



Title: RE: [PEN-L:34167] Re: Re: Re: Turkey, again.......

dsquared@xxxxxxxxxxxxxxxx writes: >the
IMF cannot be considered to be a development
institution of any kind, not even on the most
charitable interpretation of its work.<

has the IMF -- as opposed to the WB -- _ever_ been considered a "development" institution? in the original Bretton Woods system, its job was to help with short-term liquidity problems that threatened to undermine the fixed exchange-rate system. Nowadays, it's the collection agent who enforces the creditors' rights.

------------------------
Jim Devine jdevine@xxxxxxx &  http://bellarmine.lmu.edu/~jdevine



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