Commentaries

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.
Rwanda and the Democratic Republic of Congo signed an agreement on July 30, promising to put an end to the war that has raged in Congo since 1998. However, it is too soon to rejoice.
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