is the IMF really like a credit union?
“You can think of it sort of like a credit union for countries” This was the answer from Eswar Prasad talking to NPR‘s Planet Money about: “What is the IMF, anyway?” If the International Monetary Fund (IMF) is like a credit union, then democracy is like a dictatorship. Needless to say I am going to … Read more
the quest for development; aid to the rescue in ghana
Poverty: a state of being extremely poor; inferior in quality or insufficient in amount; our generation’s greatest problem; the world’s worst disease; a trap. The definition of poverty is one that is not difficult to grasp, yet so many do not understand how or why it plagues our world of riches. Our world is plagued … Read more
african economic growth and oil
The UN has reported that Africa’s economic growth is increasing, slow and steady, but frail. They are predicting that the continent’s economies will grow almost 6% in 2007. However the report states that if African countries are to continue to grow they will need to diversify their economic output and invest more in infrastructure. The … Read more
