Gambia: Gambian Public Debt – Greek Myth or African Reality? –

By M. Sajo Jallow

It is amazing how the twin Bretton Woods Institutions, that is, the International Monetary Fund (IMF) and World Bank Group (WBG), have together managed so much oversight control in 80 years.

Not just coordination at macro-, but also micro-level, at the risk of social instability in exchange for some of the funds provided. Remember the structural adjustment programs of past decades, sometimes one-size-fits-all, that weakened state capacity, only to be overwhelmed later…