Do as I say, not as I do...., The IMF in practice

the IMF's "independent evaluation office" got around to evaluating the IMF's role in the decisions leading to the disastrous policy that plunged Greece into a ravine around 2008-2010, from which they have not emerged yet.

www.ieo-imf.org/ieo/pages/CompletedEvaluation267.aspx

I haven't read it, but I've read about it. (in dutch) According to that article, the IEO agrees: The approach was a fiasco, and the IMF was wrong in participating in the scheme. Note that they distance the IMF from the scheme-making, for which they blame the (European) politicians, for they see the IMF as "rational" technocrats, not agenda'd political forces. Which means there probably was an alternative, after all.