cc In an open letter addressed to US President Obama, Muadi Mukenge calls on his administration to enter into dialogue with African and Africa activists to address ‘how change can come to the IMF and other instruments of economic policy that the US supports’. Despite evidence that the IMF’s economic policies for Africa have left the continent worse today than it was 30 ...read more
cc In an open letter addressed to US President Obama, Muadi Mukenge calls on his administration to enter into dialogue with African and Africa activists to address ‘how change can come to the IMF and other instruments of economic policy that the US supports’. Despite evidence that the IMF’s economic policies for Africa have left the continent worse today than it was 30 years ago, the G20 Summit has recommended the injection of significant funding into IMF to rectify endemic poverty in developing regions. Mukenge argues that if the G20 decides to prioritise new funding to the IMF to address an economic crisis – which in Africa dates 20 years – the IMF’s ‘philosophy and modalities must change’.
