When Rep. Chuy Garcia, D-Illinois, learned about the International Monetary Fund’s surcharge policy, it felt familiar: “To me, this looks like the business model of payday lenders here in Chicago, not an economic development agency.” The IMF is the lender of last resort to countries experiencing economic difficulties. This emergency lending naturally comes at a […]
Author Archives: Michael Galant
Michael Galant is senior research and outreach associate at the Center for Economic and Policy Research in Washington. He wrote this for InsideSources.com.