IMF changes policy on troubled economies

It is hard for a leopard to change its spots. How much harder for the International Monetary Fund, prime deviser of the ABCD - austerity, budget cuts, conditionality, deficit reduction - regimen forcing indebted countries to swallow bitter economic medicine, to change its mind and suggest that sometimes it might be better to build up the strength of sickly countries than resort to blood-letting.

via Business feed http://www.scmp.com/business/economy/article/1062668/imf-changes-policy-troubled-economies