Africa: IMF Has Long Way to Go – Even After `Istanbul Decisions`

30 October, 2009 in Africa

source: allAfrica
Marina Penderis
29 October 2009

Johannesburg — The International Monetary Fund (IMF) may be performing better during the current economic crisis than during the Asian crisis of the late 1990s, but it still has “a long way to go”.

This is the opinion of economist Mark Weisbrot, co-director of the Center for Economic and Policy Research (CEPR), based in Washington, DC in the U.S. The independent CEPR promotes democratic debate on economic and social issues through research and public education.

Speaking to IPS from Washington, Weisbrot argues that: “The IMF is definitely doing better than during the Asian crisis, but I think that is too low a base for comparison. Are they doing what they ought to do? They have a long way to go.”

Weisbrot questions whether the IMF’s plans for reform – dubbed the “Istanbul decisions” after they were [continue reading]

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