This paper provides a critical assessment to the role and contribution of the IMF in the IMF-programme countries. It addresses several questions frequently raised about the East Asian financial crisis, and assesses the impact of the IMF programmes rendered to several crisis-hit countries. It...

This paper has five sections. Section I covers the introduction while Section II presents a brief account of a changing perspective on financial reform as it has evolved since the 1970s, both from the point of view of the implementation of financial reform policies and the theoretical...

Despite economic hardships during the past 20 years, Africa has recently enjoyed positive real economic growth, transformed its economic structures and systems, and improved living standards. Much of this owes to the determined pursuit of growth-oriented adjustment efforts, with IMF support, by...