The Latest Breaking News from International Monetary Fund

Critics say IMF provides loans to desperate African countries on stringent terms, disproportionately affecting the poor.

The recent Kenyan protests are a warning that the International Monetary Fund (IMF) is failing. The public does not think it is helping its member countries manage their economic and financial problems, which are being exacerbated by a rapidly changing global political economy.

A finance bill was the trigger, but the backdrop is government debt and blinkered interventions from western institutions, says Kenyan political analyst Nanjala Nyabola

In July 1944, with war still raging in Europe and the Pacific, 730 delegates from 44 countries gathered at the Mount Washington, a grand hotel built at the turn of the century in New Hampshire. They were on the edge of a little town called Carroll, surrounded by a national…