What is public opinion about imf?

Answer 1

Obviously an opinion depends on perspective. I will then attempt to give a summary for and against the establishment of the international monetary fund.

Pro IMF argument suggests that small to medium sized business are need access to capital in order to promote their business. This is increasingly important due to increased globalization and trade amongsts countries specifically those trying to capitalize on a certain comparitive advantage (ex. a small rice company in china where it is able to produce rice cheaper due to the local fertile soil). This access to capital allows for effecient firms to grow and produce products thus decreasing the overall amount of resources used and utilizing their own local Natural Resources to their advantage and through trade allows for net reduction in resource depletion.

Against IMF argument suggests that IMF lenders have malicious intent when lending. That they make loans to poor countries which they do not expect to be paid while also establishing unattainable interest rates. This leads to an epidemic in poverty because all revenue goes to the IMF rather than being allowed to be reinvested in the growth of that economy. There are also many political implications suggesting that the IMF has above average political "pull" which further perpetuates the problem.