A deep recession, a severe drought and a plunging currency have led to the biggest bailout in IMF history. The government hopes it can avoid the meltdowns that followed past crises.
Venezuela recently devalued its bolivar by 95 percent to tame rabid hyperinflation that has been sending prices on everyday goods through the roof. If history is a guide, it won't work.
After weeks of protest in Haiti, sparked by a sudden rise in fuel prices, at least seven are dead and the prime minister is out. Foreign creditors pushed for the price hike as an austerity measure.
Some US$4.6 trillion has been made available to stave off financial crises across the world. The problem is that much of this funding is now spoken for, and the list of stricken nations is growing.
Ghanaians respond positively to financial appeals from churches compared to how they respond to paying taxes. Here's how, and why, Ghana's government should learn from religious groups.
The governor of South Africa's Reserve Bank has been appointed to chair an important IMF committee. Countries in sub-Saharan Africa stand to benefit.
Seven years after ousting Zine el-Abidine Ben Ali, Tunisians are back on the streets protesting the government’s new Finance Act.
South Africa will be well advised to start preparing itself for an International Monetary Fund programme as the country faces a deepening economic crisis.
China, Russia and the International Monetary Fund are among those contemplating a Venezuela bailout. But help for this debt-stricken nation seems far from assured.
Uganda's economy has seen many changes since independence. Trends in recent years are positive, although some key challenges remain.
The idea that South Africa must look towards the International Monetary Fund to rescue itself from the prevailing crisis must be dismissed.
Europe is experiencing a wave of optimism that its seven-year Greek drama may be finally coming to a close. Only one way to do that: Share Greece's pain.
The International Monetary Fund's view of how to fix South Africa's economy deserves to be seriously considered.
Sub-Saharan Africa is one of the hot spots of Christian higher education growth worldwide, a trend that can be observed across the continent.
Zambia's president is securing powers to consolidate his political control while generating 'plausible deniability' to whether or not he has fatally undermined democracy.
The IMF's decision to go ahead with a bailout package for Zambia, despite the government’s democratic failings, could embolden the president to pursue an authoritarian strategy.
Where now for one of the great emblems of post-World War II global co-operation?
Non-governmental organisations are criticised for pandering to the whims of the donor community at the expense of local populations. The real question is: can they bring about real change?
The pervasive new argument is that China is upending the dominance of traditional Africa aid donors from the West. But a new study shows that while China is making inroads, the West is staying put.
West African health systems were weak before the IMF got involved. Sadly, the policy reforms demanded by the IMF in exchange for loans have undermined governments' ability to repair these problems.