The IMF has a protest problem
Does it give up—or insist on painful reforms?
It 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.
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This article appeared in the Finance & economics section of the print edition under the headline “Long, hot summer”
Finance & economics September 14th 2024
- Can anything spark Europe’s economy back to life?
- Norway’s weak currency presents a mystery
- Strangely, America’s companies will soon face higher interest rates
- Can bonds keep beating stocks?
- China’s government is surprisingly redistributive
- The IMF has a protest problem
- Why orange juice has never been more expensive
- An American sovereign-wealth fund is a risky idea
From the September 14th 2024 edition
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