Mr. New President, meet the IMF EDITORIAL 02/22/2010

Mr. New President, meet the IMF EDITORIAL Click to enlarge 02/22/2010 The International Monetary Fund (IMF) is doing its job in advance by reminding the next president to toe the line in subscribing to its periodic assessments and at the same time places emphasis on so-called revenue enhancement that does not preclude an increase in taxes. In terms of fiscal policies, the next administration would likely be tied down to the bidding of the IMF, despite the country having practically paid off all its obligations with the multilateral agency incurred during the critical period of the 1980s when the country was experiencing a political upheaval. In its latest report on the country, the IMF said that it will be sending a fiscal assistance team to “prepare a strategy to raise the tax effort for the new government taking office in July 2010” which was committed by the Arroyo administration to another IMF team that recently visited the country.... MORE Source:  The Daily Tribune ALTERNATE URL: http://www.classicposters.com/commentary/20100222com1.html

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