Public Debt and Private Wealth: Debt, Capital Flight and the IMF in Sudan

by Richard P.C. Brown

Overview

This study analyses the IMF's role in sub-Saharan foreign debt and structural adjustment issues. A detailed analysis concentrating upon Sudan disproves assumptions about the IMF's capacity to enforce its much-touted, tough policy conditions, and about the inability of defaulting countries to maintain capital inflows, even when in arrears to the IMF itself. The study also examines IMF and World Bank analysis and the efficacy of their policies given the substantial unrecorded foreign exchange inflows and outflows associated with unofficial migrant remittances, the parallel economy and capital flight.

Product Details

ISBN-13:	9780333575437
Publisher:	Palgrave Macmillan UK
Publication date:	08/18/1992
Series:	International Political Economy Series
Edition description:	1992
Pages:	334
Product dimensions:	5.51(w) x 8.50(h) x (d)

Table of Contents

Table of Contents - List of Tables - Acknowledgements - Map of Sudan - Introduction - The Dimensions and Origins of Sub-Saharan Africa's Debt - The Evolution of the IMF's Role in Sub-Saharan Africa - Background to Sudan's Economic Crisis of the 1980s - The Evolution of the IMF's Role in Sudan: 1978-84 - Managing the Unmanageable: Sudan Without the IMF after 1984 - Sudan's Hidden Adjustments: Implications for IMF Diagnosis and Policy - Conclusions - Appendix - Bibliography - Index