Friday, March 14, 2014

Via UN Wire: IMF: Redistribution, not austerity, is the way to end economic inequality

IMF: Redistribution, not austerity, is the way to end economic inequality

The International Monetary Fund is urging that countries adopt a "progressive" redistribution approach to counter economic inequality, says an IMF report. "The interest in redistribution, as reflected in public surveys and our discussions with our members, shows that interest is higher than in the past," says David Lipton, IMF's first deputy managing director. "Our members want to explore with us how they can pursue distributive policies in an efficient manner." Inter Press Service (3/13)

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