The IMF and Social Spending

Abstract

The following paragraph from the recent Regional Economic Outlook for Latin America and the Caribbean released by the International Monetary Fund appears to have surprised some readers: “In countries with a relatively low tax burden (Chile, Mexico, Peru), efforts to mobilize fiscal revenue are needed in order to address the region's social and infrastructure needs, such as still-high levels of inequality and the unmet needs of a rapidly expanding middle class.” Continue reading...