The IMF definitely has its critics (see: Criticisms of
the IMF). In the past the IMF has often been accused of imposing on
countries harsh austerity measures, plus free market reforms, such as
privatisation and spending cuts which have increased inequality and
unemployment.
Recently, the IMF have often warned over the dangers of
austerity measures which push economies back into recession. At the end of last
year, Oliver Blanchard reported on dangers of self-defeating austerity (see:
previous post: Is
UK at risk from Eurozone crisis?) These seem a good evaluation of the
situation, and it would be good if European politicians payed closer
attention.
http://econ.economicshelp.org/2012/01/imf-economic-outlook-2012.html
