Real estate related economic and financial news covering the MENA region.
IMF economist says fund suppressed information
Jul 22, 2012
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 euro zone crisis, Reuters has reported. Peter Doyle, a division chief for Sweden, Denmark and Israel in the IMF's European Department, said in his resignation letter the IMF's failures in issuing timely warnings for both the 2007-2009 global financial crisis and the euro zone crisis were a "failing in the first order" and "are, if anything, becoming more deeply entrenched." IMF spokesman William Murray said that "Peter's remarks are well documented in the public record, including reports issued by the Independent Evaluation Officeů We have no evidence his views were suppressed, nor (that) any views were suppressed," he added.