Enough Is Enough

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Enough Is Enough

By Davison L. Budhoo
New Horizons Press, 1990
115 pp.
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This work consists of an open letter to the managing director of the International Monetary Fund submitting the author's resignation from its staff. It is an angry letter, for this 12-year IMF veteran from Grenada launches a broadside of accusations. His charges range from blatant and systematic manipulation of statistics, to excessive salaries for IMF employees and the drawing of benefits from a "honey pot," to the creation of harsh "conditionalities" for loans to poor countries that depress living standards and augment poverty. There may be justice to Budhoo's claims, but the vitriolic nature of his prose may diminish their chances of getting serious attention from member governments.

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