IMF and Malawi: Here We Go Again?

From empty sky Tue Jan 8 2013, 06:24:00

Christine Lagarde is off to Malawi where IMF-recommended reforms have been (fairly aggressively) implemented in something of a catch-up run since Joyce Banda took office. Much was expected from the long-awaited reforms, which included a currency devaluation. The results have been less than impressive. Inflation has spiked, pushing up already-sky-high food, fuel and medicine prices, foreign

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