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this post was submitted on 23 Mar 2026
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@SteveKLord even the article mentions https://www.dandc.eu/en/article/africa-structural-adjustment-did-not-trigger-fast-growth-had-contractive-impact
> In Africa, the International Monetary Fund (IMF) and the World Bank do not have a good reputation. Many people consider them agencies of misery, poverty and social distress. This perception is driven by the experience of the structural-adjustment programmes that the international financial institutions (IFIs) insisted on in the 1980s and 1990s.
IMF insisted that free education of Africans is a waste of money.
I don't think the article contains any endorsement of the IMF
@SteveKLord the way I read it supports IMF / World Bank by embracing the language they use to talk about finances.
What's wrong with coop banks? Why does that state need to be involved (which would require IMF to be an intermediary)?
@SteveKLord I'd love to hear some voices of African economists who understand the situation of the Coop Bank, Saccos, Chamas and what's really on the ground, not only some guys from Michigan who see everything from an American standpoint. :S