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'This is not your grandfather's IMF', says IMF's Africa department director – The Zimbabwe Mail

Abebe Selassie, director of the IMF s Africa department. REUTERS/Afolabi Sotunde
The International Monetary Fund (IMF) has proven an unlikely countervailing force to the disrepair of international institutions exposed by the pandemic and worsened by nationalism and populism.
By Patrick Smith
For decades, the IMF had been excoriated for its loans conditional on fiscal austerity policies and adopting “one-size fits all” measures resulting in reductions to health, education and other social expenditures.
Yet in 2020 as the pandemic ripped through economies destroying jobs, closing down businesses and up-ending budgets, the IMF led the international financial response particularly in Africa, Latin America and Asia. ....

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