-Caveat Lector-

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Dave Hartley
http://www.Asheville-Computer.com
http://www.ioa.com/~davehart

-----Original Message-----
From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]
Sent: Thursday, August 26, 1999 5:48 PM

THE HERITAGE EXTRA!
August 26, 1999
http://www.heritage.org/

Welcome to the The Heritage Extra!,
your source for up-to-the-minute information from The
Heritage Foundation.

Policy Paper Released August 26, 1999

How Reliable are IMF Economic Forecasts?
by William W. Beach, Aaron B. Schavey, and Isabel M. Isidro

Last October, Congress passed the 1999 Omnibus Appropriations
Act, which, among other things, allocates $18 billion to the
International Monetary Fund (IMF). The passage of this bill
followed an intense debate on the effectiveness of the IMF,
as well as its capacity for reform to improve its performance.
To measure the IMF's effectiveness objectively, Heritage
analysts looked at the IMF's economic forecasts from 1971 to
1998 for various industrial countries and developing regions.
This report presents the results of Heritage's analysis.

http://www.heritage.org/library/cda/cda99-05.html

More on Asia
http://www.heritage.org/library/budget.html

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