Has the IMF ever admitted mistakes on it's economic policies prior to the Greek crisis?
The International Monetary Fund yesterday admitted that its mistakes helped plunge Argentina deeper into the red during the currency crisis that crippled the country's economy three years ago.
In a report published yesterday by its independent evaluation office, the IMF said it ought to have prevented the Argentine government from following poor economic policies.
"IMF surveillance failed to highlight the growing vulnerabilities in the authorities' choice of policies and the IMF erred by supporting inadequate policies too long," it said.
IMF admits mistakes in Argentina crisis By Edmund Conway
The actual report is here: IMF's Independent Evaluation Office Announces Release of Report on the Role of the IMF in Argentina