Public Debt and Private Wealth : Debt, Capital Flight and the IMF in Sudan
Book Details
Format
Hardback or Cased Book
Book Series
International Political Economy Series
ISBN-10
0333575431
ISBN-13
9780333575437
Publisher
Palgrave Macmillan
Imprint
Palgrave Macmillan
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Aug 18th, 1992
Print length
334 Pages
Product Classification:
Development economics & emerging economiesDevelopment economics and emerging economies
Ksh 23,400.00
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A detailed analysis concentrating upon Sudan disproves assumptions about the IMF's capacity to enforce its much-touted, tough policy conditions, and about the inability of defaulting countries to maintain capital inflows, even when in arrears to the IMF itself.
This study analyses the IMF's role in sub-Saharan foreign debt and structural adjustment issues. A detailed analysis concentrating upon Sudan disproves assumptions about the IMF's capacity to enforce its much-touted, tough policy conditions, and about the inability of defaulting countries to maintain capital inflows, even when in arrears to the IMF itself. The study also examines IMF and World Bank analysis and the efficacy of their policies given the substantial unrecorded foreign exchange inflows and outflows associated with unofficial migrant remittances, the parallel economy and capital flight.
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