Should the IMF compensate Africa for its past errors?

4th October, 2018

Between 2016 and 2017, the IMF assisted with some $23.7 billion granted to some fifteen African countries as a means of last resort in the face of their dangerous economic imbalances. The terrible years of structural readjustment through which many of them suffered, seem to have been forgotten. But many other African states, as well as some international voices, are of the opinion that the IMF should be held responsible for the situation of permanent dependence that exists today in paradoxically resource-rich Africa. Could African states ask for reparations for incorrect IMF advice? Nigeria, despite its devastating economic recession in the course of 2016, chose to do without the assistance of the IMF, and has not for that decision fared any worse.Click here to download the article