The International Monetary Fund (IMF) has a major embarrassment on its hands. Two new research papers have slammed its policy track record, showing that IMF-mandated austerity is associated with rising inequality and poverty.

Bad timing, especially when you’re trying to shepherd a global recovery and avert a potential emerging-markets debt crisis. I..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now