Reference no: EM133174872

For a long time, the International Monetary Fund (IMF) has had its supporters and detractors. In this discussion, the opportunity to consider some of the IMF's actions and determine whether they were beneficial as well as ethical.

To help frame this discussion, consider the IMF's actions in Greece. Greece spent a decade in economic turmoil starting in 2009. The IMF provided financial assistance to "bail out" Greece multiple times during the crisis. Their loans came with requirements that Greece needed to meet. Some argue that the IMF made the crisis much worse, whereas others feel the IMF provided timely support to Greece not long after the global financial crisis of 2008.

In your initial post, use the following questions to guide your responses:

• Is it ethical for the IMF to bail out countries that repeatedly make bad economic and fiscal decisions? Is it ethical for the IMF to have significant requirements attached to its loans?
• What lessons should be learned from the Greek debt crisis for countries with debt obligation issues and for organizations such as the IMF?