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The IMF has a protest problem
I t has been a tumultuous few months for the International Monetary Fund’s borrowers. In June protests brought thousands onto the streets in Kenya after William Ruto, the president, laid out the spending cuts required to convince the IMF to disburse the latest instalment of the country’s $3bn bail-out. Two months later, Sheikh Hasina, prime minister of Bangladesh, which also has a programme with the fund, was ousted when reforms to the country’s bureaucracy sparked riots.
The country’s economy is thriving yet the krone is becoming less and less valuable. What’s going on?
The proposal, supported by Donald Trump and Joe Biden, would be puny at best and wasteful at worst
After a terrible couple of months for shareholders, lenders are feeling smug
Pity those who rely on the breakfast staple
That is despite a stingy tax-and-transfer system
Even though the Federal Reserve is about to loosen monetary policy
https://www.economist.com/finance-and-economics/2024/09/12/the-imf-has-a-protest-problemA source: www.economist.com/finance-and-economics/2024/09/12/the-imf-has-a-protest-problem
