Vilified and reviled just a few years ago, the IMF now appears to be an ally of African countries, from the moratorium on their debts to emergency aid in the face of Covid-19. But old habits die hard. Has the IMF really changed?
"IMF-Africa: is it different this time ?" (1/5) Supported by Europe and Africa, IMF managing director, Kristalina Georgieva, has saved her seat. Behind the scenes, some continue to protest, while others prepare the next step.
The International Monetary Fund managing director Kristalina Georgieva says the IMF spent nearly $300bn in resuscitating the global economy when Covid-19 struck. There are unorthodox noises being made at the top of the institution best known for austerity in public spending. What comes next as rich countries bounce back and poor countries stay on the mat? And will the IMF run out of money? An exclusive interview with the head of the IMF.
"IMF-Africa: is it different this time? (3/5) Faced with the Covid-19 crisis, the multilateral institution has provided noticeable support to African countries that were long critical of it. The question now arises as to its fiscal dogmatism and whether it is taking the climate issue into account.
African nations often experience - painfully - the scanning of their economies by teams in Washington. The former Tunisian Minister of Finance gives governments some insights into how to face the institution.