Friday 5 February 2010

Really interesting HuffPo article about Development, the IMF and Haiti. A lot of the points covered in it (in relation to development in general) were covered in my Political Economy of Development lecture this morning. Basically, the article covers how the IMF has caused so many devastating problems (famine, poverty traps, slums, etc.) in countries and how public action has ensured that Haiti won't fall further into that trap with the 100 million dollar loan the IMF is offering Haiti. Because of public activism (through facebook!) the IMF will free the loan of the huuuuugggeeee conditions that usually accompany IMF loans. Anywho, it's a really interesting read for those who aren't familiar with IMF development projects and for those who are.

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