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

By Richard P.C. Brown

Book 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.

• Format: Hardcover
• Language: English
• ISBN: 0333575431
• ISBN13: 9780333575437
• Release Date: August 1992
• Publisher: Palgrave MacMillan
• Length: 334 Pages
• Weight: 1.33 lbs.
• Dimensions: 0.9" x 5.5" x 8.5"