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IMF's 'taxing' prescription for Asia's infrastructure needs

Thursday, July 20, 2017 - 05:50


THE International Monetary Fund (IMF) earned itself a bad reputation at the time of the Asian financial crisis in 1997 by prescribing an economic medicine that was not only unpalatable but, as it turned out, also inappropriate. Now, the IMF is again prescribing a "nasty" medicine

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