According to Action Aid, famine in Malawi has been compounded by World Bank-guided food policies. “The World Bank has been encouraging Malawi’s government to keep foreign exchange instead of storing grain, which the bank argues could lose value. The pressure to service an outstanding bank loan prompted Malawi to sell 28,000 tonnes of stored maize to Kenya just three months before the food crisis hit.” President Bakili Muluzi confirmed that the IMF and the WB “insisted that Malawi had to sell the maize to repay the commercial banks.”
New IMF gender guidance opportunity for civil society to keep its staff to account.
BWP publishes essay series reflecting on the legacy of 75 years of IMF and World Bank policies and power.
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