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Public Debt and Private Wealth: Debt, Capital Flight and the IMF in Sudan

Public Debt and Private Wealth: Debt, Capital Flight and the IMF in Sudan

Hardcover

Series: International Political Economy

Business GeneralInvesting & FinanceGeneral Political Science

ISBN10: 0333575431
ISBN13: 9780333575437
Publisher: Palgrave Macmillan
Published: Aug 18 1992
Pages: 334
Weight: 1.33
Height: 0.94 Width: 5.50 Depth: 8.50
Language: English
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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