IMF says not recanting on neoliberalism, austerity

The International Monetary Fund's top economist said Thursday that the global crisis lender is not abandoning its much-criticized neoliberal approach to boosting economic growth. Responding to an article by three other IMF economists that sparked widespread reports that the Fund was pulling back from a pro-markets, pro-austerity and slim-government agenda, Maurice Obstfeld said the article was "widely misinterpreted". In their article the three economists focused on the IMF's insistence on auste