How the IMF Underdevelops Africa

How the IMF Underdevelops Africa

By Vijay Prashad  –  May 27, 2025 After being plundered of both its wealth and people by colonial powers, Africa now faces IMF-imposed austerity, obscene debt and forced underdevelopment. At the start of 2025, Sudan registered an alarming debt-to-GDP (Gross Domestic Product) ratio of 252 percent. This means that the country’s total public debt is 2.5 times the size of its entire annual economic output. It is not hard to understand why Sudan is i…

While the AfDB is looking for a new president and its outgoing boss defends its balance sheet, the International Monetary Fund has come to frustrate the atmosphere, lowering its growth forecasts for sub-Saharan Africa for 2025 and 2026. The post-Growth: the IMF is going down its forecast for Africa! appeared first on LesEco.ma.