Food riots hit West and Central Africa | Bank Information Center: Monitoring the projects and policies of the World Bank, IMF and other international financial institutions - 0 views
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Strauss-Kahn has been criticized for publicly supporting President Bush’s stimulus measures to address potential recession in the U.S. – the opposite of the painful austerity measures the IMF applied during the East Asian financial crisis of 1997-98. But while he has been quick to register the IMF’s concern about a potential food price crisis in Africa, it appears that in this case the IMF will not diverge so radically from past practice: new loans, seldom the best remedy for countries facing humanitarian crises, are the best he has to offer.
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Arabica Robusta on 24 Apr 08When will it be surprising again when the IMF/World Bank policy branches prescribe government intervention in more-industrialized countries, and government removal in less-industrialized countries?
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Strauss-Kahn has been criticized for publicly supporting President Bush's stimulus measures to address potential recession in the U.S. - the opposite of the painful austerity measures the IMF applied during the East Asian financial crisis of 1997-98. But while he has been quick to register the IMF's concern about a potential food price crisis in Africa, it appears that in this case the IMF will not diverge so radically from past practice: new loans, seldom the best remedy for countries facing humanitarian crises, are the best he has to offer.
