WASHINGTON: A veteran economist at the International Monetary Fund (IMF) has accused the global lender of suppressing information on difficulties in dealing with the global financial meltdown and eurozone crisis.
In a resignation letter to the IMF's board and senior staff, dated June 18, Peter Doyle said the IMF's failures in issuing timely warnings for both the 2007-2009 global financial crisis and the eurozone crisis were a “failing in the first order” and “are, if anything, becoming more deeply entrenched.”
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