The worst famine in fifty years has resulted in several thousand deaths in Malawi in early 2002. An in-depth report by Action Aid Malawi places blame on a complex combination of technical failure and political mismanagement. The report calls a “fallacy” rumours that the IMF caused the famine by ordering the government to sell its grain reserves; both the Bank and the Fund had a hand, however, in the growing indebtedness of the agency responsible for the reserve, and recommendations to reduce the reserve which were based on inaccurate information on crop yields.
BWP's Gender and Macroeconomics project launches a booklet on Gender-Just Macroeconomics; the World Bank’s privatisation push
Donate to the Bretton Woods Project
The Bretton Woods Project is an ActionAid hosted project (UK registered charity no. 274467).