IMF rethinks strong-arm lending.


The International Monetary Fund has taken the financial community by surprise by pledging to ease up on the conditions it imposes on indebted countries. The Fund announced at its annual meeting it will allow countries to try alternatives to its typical advice to cut spending, open capital markets and dispose of state assets. Some critics say the IMF's apparent change of heart is simply new spin on an old line, and that previous promises...

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