Issues / Labor, Trade, & Finance

Despite the IMF's reformist rhetoric about "bailing in" foreign investors and distributing adjustment costs more equitably, there is nothing novel about the new IMF standby credit. It is once again about bailing out banks and bondholders.

A Tall Order

This week's official inauguration of the African Union (AU), which replaces the moribund Organization of African Unity (OAU), was held amid predictable fanfare.
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