International   

Nobel Laureate lambasts IMF

By Haroon Habib

DHAKA AUG. 14. The American Nobel laureate economist, Joseph E. Sitglitz, has come down heavily on the International Monetary Fund, saying the Asian financial crisis could have been averted had the countries avoided the funding agency's policy prescription.

The visiting Professor of Finance and Economics of Columbia University in New York made the observation at a lecture on "Economic Security of a Least Developed Country" at the Bangladesh Institute of International and Strategic Studies on Wednesday.

He, however, said the truth remains that "many countries could not afford to displease the IMF."

Prof. Sitqlitz made some suggestions for exploiting Bangladesh's economic growth potential.

Prof. Stiglitz, who won the Nobel Prize for Economics in 2001, arrived here on Wednesday morning on a four-day visit to Bangladesh.

Printer friendly page  
Send this article to Friends by E-Mail

International

News: Front Page | National | Southern States | Other States | International | Opinion | Business | Sport | Miscellaneous |
Advts: Classifieds | Employment | Obituary |

Stories in this Section

• U.S. seeks U.N. mission for Iraq
• Bush yet to decide on delegation make-up
• China pinning hopes on six-party talks on N. Korea issue
• Japan offers to dismantle war remnants in China
• Meet calls for separate courts to try violence against women
• Nobel Laureate lambasts IMF
• Lakhani charged with aiding terrorists
• Kashmir holds the key to peace in South Asia: Jamali
• Pak. 'looking' into India's offer
• Modi to visit U.K. amid protests

Copyright © 2003, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu