Defenders of the IMF contend that the Fund should not consider the distributional consequences or political impact of its lending policies on the society of the debtor country. They assert that the Fund is limited by the purposes set forth in its Articles of Agreement to an objective assessment and adjustment of the balance of payments deficit of these countries.2

2. See, e.g., The Poverty Brokers, note 1 above,30;Joseph Gold,"Political Considerations Are Prohibited by Articles of Agreement When the Funds are Considered Requests for Use of Resources,"IMF Survey (23 May1983)

Davidson, 1986