Shabikunnahar Bonna*

Department of Economics, Jatiya Kabi Kazi Nazrul Islam University, Trishal, Mymensingh, Bangladesh. 

*Correspondence: bonnashabikunnahar@gmail.com (Shabikunnahar Bonna, Lecturer, Department of Economics, Jatiya Kabi Kazi Nazrul Islam University, Trishal, Mymensingh, Bangladesh).

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ABSTRACT

Actually in some cases, the IMF has a little positive effect on developing economics while has a vast bad effect on all developing economics. The main purpose of the study is to examine the impact of IMF on developing countries. The globalization of the world economy gives rise to large global inequalities.  The inequalities are responsible for increasing absolute poverty and starvation. Low-income countries are suffering from financial crises to reduce their absolute poverty and starvation.  So they have to depend on IMF and various financial institutions. But the IMF policies are heavily criticized and unhelpful. The IMF sometimes led to an increased dependency of developing countries upon developed countries. The social sectors of developing countries such as the health and education sectors are most affected by these policies. So these policies increase poverty and underdevelopment of the developing world.

Keywords: Developing countries, IMF, SAPs, Policy, Conditionality, and Crisis in developing countries.

Citation: Bonna S. (2021). The bad effects caused by policy prescription and financial assistance by IMF on developing countries, Asian J. Soc. Sci. Leg. Stud., 3(5), 172-177. https://doi.org/10.34104/ajssls.021.01720177

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