1.   The report contains comments from policymakers in borrowing countries, much of it criticizing Bank officials for ignoring local input while implementing policies decided at Bank headquarters.

2.   And it often suited the leaders of borrowing countries who could blame faceless IMF bureaucrats for everything from unemployment to increases in the price of bread.

3.   Borrowing countries, in return, must adopt economic policies to ensure that the causes for their economic problems are being corrected.

4.   For their part, the borrowing countries would be required to adopt a strict program of market reforms that would be monitored by the bank and the fund.

5.   Repayment conditions are strict and often painful for borrowing countries, designed first and foremost to assure that the loan is repaid quickly.

6.   The bank has also become more accountable, creating an appeals panel to adjudicate complaints about its projects from citizens of borrowing countries.

7.   He was ready to comply when the board, at the behest of China and other borrowing countries, overruled him and held up publication.

8.   In return for the help, borrowing countries promise to implement austerity programs, which often include cuts in subsidies and government spending.

9.   It would guarantee international loans for a small fee, and borrowing countries would have to give it information on all foreign loans.

10.   Moreover, the market and the players in it are not concerned with maintaining a macroeconomic balance in borrowing countries.