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A CRITIQUE

The International Monetary Fund (IMF) is facing a crisis of legitimacy. There is a crisis of legitimacy of the IMF with the public; problems of the IMF's credibility (including regarding appropriateness of its policies) in relation to many recipient countries; erosion of confidence in the IMF within the establishment (policy making, academic, media) of major shareholder countries; and also debate on IMF policy and strategy within the IMF staff themselves.