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Articles on International Monetary Fund

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The World Bank’s ease of doing business index incentives countries to do whatever they can to improve their ranking. Jongho Shin/iStock via Getty Images

Scandal involving World Bank’s ‘Doing Business’ index exposes problems in using sportslike rankings to guide development goals

Allegations that World Bank officials manipulated country rankings in its much-used ease of doing business index highlight a deeper problem with these types of rankings.
A child plays in a street in the port village of Paquitequete near Pemba, northern Mozambique. The region suffered decades of neglect, and major gas projects have failed to deliver local benefits. Photo by Alfredo Zuniga/AFP via Getty Images

Mozambique’s difficult decade: three lessons to inform next steps

The development strategy based on foreign investment in natural resources projects has not delivered economic growth or security. What’s needed is an inclusive vision based on local realities.
South Africa’s finance minister Tito Mboweni says the IMF loan will limit the country’s economic vulnerabilities which have been exacerbated by COVID-19. Gallo Images/Brenton Geach

The IMF’s $4bn loan for South Africa: the pros, cons and potential pitfalls

The IMF loan does not impose any conditions over and above what is in South African law on how the funds can be used; it only seems to expect the country to implement policies already announced.
Argentina is just one of a handful of crisis-stricken nations asking the International Monetary Fund for help. David Fernandez/EPA

The world’s economic crisis-fighting mechanisms are dangerously inadequate

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.
President Nana Akufo-Addo of Ghana addresses the United Nations General Assembly, at U.N. headquarters in September 2017. (AP Photo/Richard Drew)

Lessons from religious groups for a ‘Ghana beyond aid’

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.
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.

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