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Vol 48 No 22

Published 2nd November 2007


New chiefs now, new policies later

For Africa, the Annual Meetings of the World Bank and the International Monetary Fund seem to resemble the shareholders’ meeting of a smallish public company bravely struggling back from the brink of insolvency. As each year’s corporate results get better and better, the company’s directors – in this case senior officials of the IMF and the Bank – boldly make increasingly optimistic predictions about the company’s earning potential for the next year.

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