IMF To Increase Lending To Poor Nations, Provide Easier Terms

Hi!

It's been a while since I've posted anything like this... I read this blog post on NPR's "Planet Money" blog. I think that the IMF changing its lending terms is a good thing and hope that this leads to a permanent change. Sometimes the disease is as bad as the cure and the IMF's historical tendency to force countries into a one-size-fits-all economic policy proves this. In the long run, a country may be well-off as a result of IMF help. Unfortunately, this is often at the expense of any kind of short-term relief. Changes in the terms will hopefully help IMF officials see that this doesn't have to be the case.

Thanks,
Matt