YESTERDAY, a senior official at the World Bank added to calls for changes in sovereign debt laws, so, governments have more control when crises strike. IN recent times, recommendations and advisories of the World Bank and IMF have been received coldly and, sometimes, with outright rejection. But the World Bank officials are quick to push back, saying the government of Nigeria implemented its recommendations halfway, which is worse than no implementation at all. “Those reactions are not channeled through the official means of communicating with the World Bank. The World Bank and IMF are mild in their report; what would the government do if a truly independent neutral body comes up with a report of the state of the economy?” he asks.
Source: The Guardian June 29, 2022 04:40 UTC