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South African Reserve Bank Governor, Lesetja Kganyago, is expected to push the agenda of developing countries inside the IMF. Reuters/Mike Hutchings

Top job for South African gives African countries sway at the IMF

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.
Give a man the means to borrow, so the argument goes, and he can work himself out of poverty. But do microfinances’ claims stand up? wk1003mike/Shutterstock

Does microfinance really alleviate poverty? The 34-billion-dollar question

Small loans from governments and philanthropists are often held up as a route out of poverty. But proper research into whether they work is thin on the ground.
B.C.‘s ambitious new school curriculum includes mandatory financial literacy instruction within math courses at every grade level, starting from kindergarten. (Shutterstock)

Why financial literacy should be taught in every school

Financial literacy is non-intuitive to the human brain and fundamental to survival today. We should follow British Columbia's example and make financial literacy mandatory in every grade - across the country.
The IMF was blamed after the 2014 Ebola crisis for contributing to the failure of West African health systems to develop. Reuters/Baz Ratner

How years of IMF prescriptions have hurt West African health systems

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.
Together with the government, the banking sector could play a role in easing the transition for mining workers. Tony McDonough/AAP

HECS for the unemployed: a finance answer to mining’s decline

A decade of strong mining revenue growth has seen workers disproportionately located in the “mining states” of Queensland and Western Australia. With mining investment now waning, workers drawn by in the…

Payday lenders target poorer suburbs

Payday lenders are targeting clientele in poorer suburbs across Victoria, according to a University of Melbourne study. In…

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