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The Arab Spring is proving to be both a boon to the IMF and a test of its ability to ease a perception that it’s an arm of Western powers wanting to impose their will on debtor nations. By recommending protection for the poor while advocating “more inclusive growth,” the IMF is trying to show in the Middle East, North Africa and elsewhere that it has discarded the boilerplate loan programs that drew criticism in Southeast Asia more than a decade ago.
“There have been dramatic changes in the IMF in recent years,” said Nobel laureate Joseph Stiglitz, …
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