Not much austerity in evidence at the IMF:
The International Monetary Fund and the World Bank have pushed ahead with pay raises above the rate of inflation for thousands of workers — despite opposition from major funders in the United States and Europe.
U.S. representatives on the IMF and World Bank boards abstained in the recent votes that approved raises of 4.9 percent and 3.7 percent, respectively. They were joined by European nations that felt the increases set the wrong tone when governments are being pushed to retrench.
Trebles all round!
