Why experts changed tune on IMF reforms for Africa

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The Central Bank of Kenya in Nairobi. FILE PHOTO | NMG

Thirty years after the tipping point for a series of economic reforms carried out in many developing countries including in sub-Saharan Africa, there appears to be a consensus by a group of experts that the reforms worked for the countries that adopted them.

Writing in an American Journal of Economic Perspectives, the experts including Ngozi Okonjo-Iweala who heads the World Trade Organisation, conclude that the reforms - driven largely by the Bretton Woods institutions - worked.

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