He believed it led to duplication of effort, undermined economies of scale and wasted resources that might be more profitably employed.

ECONOMIST: Financial history

By dealing with the revenue question piecemeal, the deals have wasted political capital that might otherwise be spent convincing Republicans that they could accept more in tax revenue overall, if that came in return for a real overhaul of the tax code that would generate more economic growth.

WSJ: How (Maybe) to Reach Elusive Big Budget Deal

Any money that the Fund might give to the Dominican Republic in the next few months is likely to be wasted on pre-election spending.

ECONOMIST: An incompetent government and a tricky choice for the IMF